Nitco Limited — Important, 17-10-2024: General Updates

NITCO Limited announced additional details regarding the withdrawal of a petition from the National Company Law Tribunal, related to a settlement with JM Financial Asset Reconstruction Company. The parties have resolved the matter, agreeing to pay Rs. 63,30,08,916.47 to the financial creditor, leading to the disposal of the company petition. This resolution reflects a significant step towards financial closure for NITCO.