Standard Capital Markets Limited receives and accepts Letter of Intent under IBC Resolution Process
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Standard Capital Markets Ltd (SCML) has received a Letter of Intent (LoI) from the Resolution Professional of Three C Infratech Private Limited, a company currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The LoI, issued on December 18, 2025, follows approval of SCML's resolution plan by the Committee of Creditors of Three C Infratech. SCML formally accepted the LoI on December 19, 2025. The resolution plan will now be placed before the National Company Law Tribunal (NCLT), Delhi Bench, for final approval, after which implementation can proceed subject to NCLT and other regulatory clearances. Management described this as an important milestone aligned with SCML's strategy of pursuing value-oriented opportunities under the IBC framework.
This is a positive corporate development indicating SCML's progress in a potential acquisition under the IBC process, but the deal remains subject to NCLT approval and execution conditions, so shareholders should monitor for further updates before treating this as a confirmed transaction.