Update of NCLT hearing dated 30.05.2025
Awaiting price reaction for this filing.
This filing updates on the Corporate Insolvency Resolution Process (CIRP) of RCI Industries & Technologies Limited, which is pending before the NCLT New Delhi Bench-III. The matter, originally filed on 7 September 2024, was listed for hearing on 22 May 2025 and subsequently re-listed on 30 May 2025. The next date of hearing is scheduled for 4 June 2025. The disclosure is signed by the appointed Resolution Professional, Brijesh Singh Bhadauria, confirming active CIRP proceedings. No final approval of the Resolution Plan has been communicated yet — only procedural adjournments have been reported.
Shareholders should note that the insolvency resolution is still ongoing with no approved resolution plan yet. The repeated adjournments suggest delays in concluding the CIRP, which keeps uncertainty around share value and recovery prospects alive until the next hearing on 4 June 2025.