Jatalia Global Ventures Limited has taken a significant step toward resolving its financial challenges by filing an application for the approval of its Resolution Plan with the Hon'ble National Company Law Tribunal (NCLT). The application, filed on December 2, 2024, is part of the Corporate Insolvency Resolution Process (CIRP), which is ongoing after the company was admitted to CIRP by the NCLT New Delhi Bench under the order dated 7th March 2024 (CP No. IB-263/ND/2023).

As per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Jatalia Global Ventures has disclosed this important development to the BSE and other relevant authorities. The Resolution Professional, Mohd Nazim Khan, who is overseeing the CIRP process, filed the application with the NCLT to seek approval of the Resolution Plan.

This filing marks an essential milestone in the restructuring process, and approval by the NCLT will pave the way for the company’s recovery and financial resolution. The CIRP process involves efforts to resolve the financial distress faced by the company, and this plan is designed to bring the company out of insolvency while addressing the interests of stakeholders and creditors.

For further details on the CIRP process and the company’s efforts toward resolution, stakeholders are advised to refer to the NCLT records and disclosures. The Jatalia Global Ventures team, led by Mohd Nazim Khan, is dedicated to steering the company through this challenging period and aims for a timely resolution.

Stay informed about the latest updates on this matter, and explore more on our website for details on financial disclosures and the latest market developments.

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