Deals5 Sept 2025, 07:13 pm
JCT Ltd Receives Expression of Interest from 26 Prospective Resolution Applicants
AI Summary
JCT Ltd, with scrip code 500223, has received Expression of Interest (EOI) from 26 Prospective Resolution Applicants (PRAs) in response to the Form G published on 9th August 2025. The EOIs were invited for the Corporate Insolvency Resolution Process (CIRP) of J C T Limited. The Deemed Resolution Professional (Deemed RP) has provisionally found these 26 PRAs eligible. The list of PRAs includes consortiums, private limited companies, LLPs, body corporates, and individual investors. The final list of PRAs will be issued after considering any objections received by the Deemed Resolution Professional/Resolution Professional.
Key Highlights
- JCT Ltd received EOI from 26 PRAs for its CIRP
- The PRAs include consortiums, private limited companies, LLPs, body corporates, and individual investors
- The Deemed RP has provisionally found these PRAs eligible
- The final list of PRAs will be issued after considering any objections
- The Networth of some interested parties did not meet the prescribed eligibility criteria and hence, they are not included in the provisional list