Outcome of Second Meeting of CoC held on 06.08.2025 at 11.00 A.M. through video conferencing.
Awaiting price reaction for this filing.
JCT Ltd, which is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the IBC, 2016, shared the outcomes of its 2nd CoC meeting held on 06.08.2025. Creditors approved the appointment of M/s. D. Pathak & Co. as the Transaction Auditor and M/s. Shammi Garg & Co. as Auditor for the Employees Provident Fund Trust accounts. Additionally, the Form G (which invites prospective resolution applicants to submit resolution plans) along with the eligibility criteria was approved. E-voting results were shared with CoC members on 14.08.2025.
The approval of Form G is a key milestone as it formally opens the process for potential bidders to submit revival plans for JCT Ltd, moving the insolvency resolution forward. Shareholders should track this process closely as the eventual resolution plan will determine the future ownership and value recovery of the company.