StockWatch
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Residential- Commercial Projects
Legal15 Oct 2026, 06:50 pm

Rajeswari Infrastructure: NCLT Extends Resolution Plan Timeline by 90 Days

AI Summary

Rajeswari Infrastructure Ltd has received an updated order from the National Company Law Tribunal (NCLT), Chennai Bench, extending the timeline for the implementation of its Resolution Plan by 90 days. This extension, granted pursuant to a previous order dated January 13, 2026, aims to facilitate the completion of the plan within the stipulated period. The NCLT directed the sale of identified non-core assets, with proceeds to be deposited into the respective accounts of Intec Capital Ltd and Religare Finvest Limited, who are then to release their charges on these assets. The company will undertake necessary steps to comply with the NCLT's directions.

Key Highlights

  • NCLT extends Resolution Plan implementation timeline by 90 days.
  • Extension granted based on previous order dated January 13, 2026.
  • Non-core assets to be sold, proceeds to be distributed.
  • Company to comply with NCLT directions for plan completion.