The Corporate Insolvency Crisis Continues
JCT Limited remains firmly entrenched in the Corporate Insolvency Resolution Process (CIRP), a stark indicator of its profound financial distress. The Ninth Committee of Creditors (CoC) meeting, held on February 10, 2026, underscored the extended timeline required to find a viable resolution.
CoC Decisions: Path Forward?
The CoC members have opted for a dual approach: initiating commercial negotiations with potential Resolution Applicants and simultaneously seeking a 60-day extension for the CIRP period. This suggests that while preliminary interest from applicants exists, concrete terms are yet to be established, necessitating further deliberation and procedural…