Joint Venture30 Sept 2025, 06:27 pm
NCLT Approves Resolution Plan for RCF's Joint Venture Company - FACT-RCF Building Products Limited
AI Summary
Rashtriya Chemicals and Fertilizers Ltd (RCF) has announced that the Hon’ble National Company Law Tribunal (NCLT), Kochi Bench, has approved the Resolution Plan in respect of FACT-RCF Building Products Limited. This joint venture company is where RCF holds a 50% equity stake. The approval, received on September 26, 2025, does not have any material impact on RCF. The company is currently reviewing the order for further appropriate action.
Key Highlights
- NCLT approves Resolution Plan for RCF's joint venture company - FACT-RCF Building Products Limited
- RCF holds 50% equity stake in the joint venture company
- The approval does not have any material impact on RCF
- RCF is reviewing the order for further appropriate action