Update on NCLT hearing dated 24.07.2025
Awaiting price reaction for this filing.
JTL Defence Ltd has filed an update on the NCLT (National Company Law Tribunal) matter involving RCI Industries & Technologies Ltd, in which a Corporate Insolvency Resolution Process (CIRP) is currently underway. A Resolution Plan and other applications were heard before the NCLT New Delhi Bench-III on 24 July 2025. The matter remains under consideration and has been listed for the next hearing on 31 July 2025. A Resolution Professional (Brijesh Singh Bhadauria) is overseeing the process on behalf of RCI Industries. No approval or rejection of the Resolution Plan has been announced yet.
No immediate impact on shareholders, as this is a procedural update with no decision taken. Investors should watch the 31 July 2025 hearing closely, as approval of the Resolution Plan could affect the future ownership and financial standing of RCI Industries, to which JTL Defence appears linked.