Business Update11 Dec 2025, 05:51 pm
JCT Ltd's CoC Approves Request for Resolution Plan and Evaluation Matrix
AI Summary
J C T Limited's Sixth Committee of Creditors meeting, held on 1st December 2025, approved the Request for Resolution Plan (RFRP) and Evaluation Matrix. The RFRP and Evaluation Matrix will be circulated to Prospective Resolution Applicants (PRAs) for submission of resolution plans within 30 days. The Fourth and Fifth CoC meetings, held on 16th October and 25th November 2025, respectively, did not result in any material decisions.
Key Highlights
- JCT Ltd's CoC approves Request for Resolution Plan and Evaluation Matrix
- RFRP and Evaluation Matrix to be circulated to PRAs
- PRAs to submit resolution plans within 30 days from issuance of RFRP
- Fourth and Fifth CoC meetings did not result in any material decisions