Mumbai, November 12, 2026: Jyoti Structures Limited has mobilised substantial bank guarantees and letters of credit from its lenders, following the resolution plan approved by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.
The company said the move comes after the National Company Law Appellate Tribunal (NCLAT), New Delhi, issued an order on May 26, 2026, prompting Jyoti Structures to request the release and disbursal of these facilities in line with the NCLT-approved resolution plan and related orders.
Bank guarantees released after five-year delay
Out of the total INR 510.59 crore in bank guarantees and letters of credit envisaged under the resolution plan, lenders have now begun progressively releasing and disbursing these facilities at the company’s request. The release follows a five-year delay and is aligned with Jyoti Structures’ current business requirements.
Operational platform strengthened
The company noted that the previous non-availability of these bank guarantees and letters of credit had limited its ability to execute its order book. Their availability is expected to enhance Jyoti Structures’ operational capacity and support the efficient execution of its growing order book, while enabling the pursuit of new opportunities in the power transmission and infrastructure sectors.
Background on Jyoti Structures Limited
Jyoti Structures Limited is an engineering, procurement and construction company specialising in power transmission infrastructure. The company provides end-to-end solutions for transmission line and substation projects in India and international markets.
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