JTL Industries acquires RCI Industries for Rs 46.5 crore
The National Company Law Tribunal (NCLT), New Delhi Bench, has approved the resolution plan submitted by JTL Industries Limited for the insolvent RCI Industries and Technologies Limited, bringing a conclusion to a corporate insolvency resolution process (CIRP) that lasted nearly three years. The plan, valued at ₹46.50 crore, was approved by the Committee of Creditors…

