NCLT contempt order could finally unblock Jyoti Structures revival after four years of delay

Published on 24 April 2026

Banks were ordered to act on INR 1350 crore guarantees

Jyoti Structures’ insolvency resolution has been stuck for years because lenders did not act on bank guarantees worth over INR 1,350 crore. Now, an NCLT contempt order against the banks could compel compliance and allow the firm’s resolution plan to be implemented more fully, potentially restarting a stalled revival timeline that has dragged close to a decade.

Lenders were expected to provide bank guarantees of INR 1,350 crore
Action was delayed for more than four years, stalling the plan
An NCLT contempt order may force banks to comply
Jyoti Structures’ resolution could finally move forward

#nclt #jyoti structures #insolvency #bank guarantees #lenders

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

NCLT contempt order could finally unblock Jyoti Structures revival after four years of delay

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