Mumbai : Jyoti Structures Limited, one of India’s leading engineering, procurement and construction companies in the power transmission sector, is pleased to announce that it has mobilized substantial bank guarantees/letters of credit issued by its lenders pursuant to the resolution plan approved by the Hon’ble National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.
This is in furtherance to the order of the Hon’ble National Company Law Appellate Tribunal, New Delhi on 26 May 2026, in terms of which the Company had made further specific request to the lenders for the release/disbursal of the bank guarantees/letters of credit in accordance with its NCLT approved resolution plan and in terms of the orders passed by the NCLT.
After a delay of five years, out of the INR 510.59 crores of bank guarantees/letters of credit envisaged to be issued / released under the NCLT approved resolution plan, the lenders at the Company’s request have now been progressively releasing/disbursing the bank guarantees /letters of credit. These facilities are being made available in line with the Company’s current business requirements.
The non – availability of these bank guarantees /letters of credit have thus far been a limitation for the Company to execute its order book, and their availability now further strengthens the Company’s operational platform and reinforces its ability to efficiently execute its growing order book while pursuing new opportunities in the power transmission and infrastructure sectors.
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