Update on NCLT hearing dated 31.07.2025
Awaiting price reaction for this filing.
This is a Corporate Insolvency Resolution Process (CIRP) update from RCI Industries & Technologies Limited, signed by its Resolution Professional Brijesh Singh Bhadauria. On 31 July 2025, the NCLT New Delhi Bench-III heard the application seeking approval of the resolution plan along with a few other interlocutory applications. After hearing the counsel for the RP, the NCLT reserved its order, meaning a decision on approving the resolution plan is pending. The remaining interlocutory applications are scheduled for the next hearing on 20 August 2025.
No final outcome yet — the NCLT's approval of the resolution plan is still awaited. Shareholders should watch for the reserved order and the 20 August hearing, as approval would move the company closer to exiting insolvency, while rejection could prolong the CIRP.