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PC Jeweller Limited update on Joint Settlement Agreement with Consortium Lenders
Posted On : 2025-10-09 14:03:03( TIMEZONE : IST )
As per the orders of Debts Recovery Appellate Tribunal, Delhi ('DRAT, Delhi'), the keys and inventory of some of the showrooms / premises of the Company were in the custody of DRAT, Delhi. These were to be released upon compliance of the terms and conditions of the Joint Settlement Agreement dated September 30, 2024 (hereinafter referred to as 'Agreement') executed between the Company and the Consortium Lenders. The Company has complied with the terms of the Agreement and a Joint Application was filed by the Company and all Consortium Lenders towards the same in DRAT, Delhi.
In accordance with the compliance of terms of the Agreement, the Debts Recovery Appellate Tribunal, Kolkata (holding additional charge of DRAT, Delhi) vide its order dated October 07, 2025 allowed the Joint Application filed by the Company and the Consortium Lenders and have issued directions for handover of keys and inventory to the Company of all those showrooms / premises of the Company, which were in the custody of DRAT, Delhi vide its earlier order.
