India, Nov. 11 -- Jyoti Structures Limited has mobilised substantial bank guarantees and letters of credit from its lenders in accordance with the resolution plan approved by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.
The development follows the National Company Law Appellate Tribunal's (NCLAT) order dated May 26, 2026, after which the company made specific requests to lenders for the release of these facilities.
Out of the Rs. 510.59 crore worth of bank guarantees and letters of credit envisaged under the NCLT-approved resolution plan, lenders have now progressively started releasing the facilities after a delay of five years, in line with the company's business requirements.
The company sta...