Standard Capital Markets Ltd receives and accepts Letter of Intent under IBC Resolution Process

Standard Capital Markets Limited ("the Company" or "SCML") (BSE Scrip Code: 511700) hereby informs that it has received a Letter of Intent ("LoI") in relation to its participation in the Corporate Insolvency Resolution Process ("CIRP") of Three C Infratech Private Limited, initiated under the provisions of the Insolvency and Bankruptcy Code, 2016 ("IBC").

The Letter of Intent was issued by the Resolution Professional on December 18, 2025, pursuant to the approval of the resolution plan submitted by the Company by the Committee of Creditors ("CoC") of the Corporate Debtor. The Company has accepted the LoI on December 19, 2025.

The resolution plan shall now be placed before the Hon'ble National Company Law Tribunal, Delhi Bench, for its approval. The implementation of the resolution plan shall be subject to the terms and conditions of the LoI and receipt of requisite approvals from the NCLT and/or other regulatory authorities, courts, or tribunals, as applicable.

Commenting on the development, Management of the Standard Capital Markets Limited, said: "The receipt and acceptance of the Letter of Intent marks an important milestone for Standard Capital Markets Limited. This step aligns with our strategic objective of participating in value-oriented opportunities under the IBC framework, while maintaining strict compliance with regulatory and governance standards. We remain committed to transparent disclosures and will keep stakeholders informed of further developments, subject to requisite approvals."

Source : Equity Bulls

Keywords

StandardCapitalMarkets LoI CIRP ThreeCInfratech