JCT Ltd, a leading manufacturer of filament yarn and composite textiles, has formally entered the Corporate Insolvency Resolution Process (CIRP) following an order of the National Company Law Tribunal (NCLT). An “Invitation for Expression of Interest” (EoI) issued by the Deemed Resolution Professional, Hasti Mal Kachhara, has now called for prospective resolution applicants.
The company’s major assets are located in Hoshiarpur and Phagwara, Punjab. According to the EoI, the last date for submitting an expression of interest is August 25, 2025, while the final list of eligible applicants will be released on September 18, 2025. Resolution plans are to be submitted by October 28, 2025.
For FY 2022–23, JCT reported…