Update of NCLT hearing 03.07.2025
Awaiting price reaction for this filing.
JTL Defence Ltd has filed an update regarding the NCLT New Delhi Bench-III proceedings on the Resolution Plan and other applications related to RCI Industries & Technologies Ltd, which is undergoing the Corporate Insolvency Resolution Process (CIRP). The matter was listed for hearing on 3rd July 2025 before a special bench because the regular member was on leave from 1st to 21st July 2025. No order or decision has been reported in this filing. The matter is now adjourned and scheduled for its next hearing on 24th July 2025. The Resolution Professional, Brijesh Singh Bhadauria, continues to oversee the process.
This is a procedural update with no material change in the status of the insolvency proceedings. Investors should watch the 24th July 2025 hearing for any meaningful progress on the approval of the Resolution Plan, which could affect the outcome for RCI Industries' stakeholders.