State Bank of India (SBI) has filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016 against PC Jeweller Limited. A Joint Lenders Meeting took place on 03.04.2024. The petitioner's counsel requested an adjournment to finalize details. The court granted one last opportunity and listed the matter for continuation of arguments on 25.04.2024. The order was directed to be sent to IBBI, the Secretary of the Department of Financial Services, Ministry of Finance, and the Chief General Manager, SBI, New Delhi. The relevance of the Joint Lenders Meeting is that it is a crucial step in resolving the insolvency proceedings, and the final details being worked out are essential for the court to make an informed decision.

State Bank of India (SBI) has filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016 against PC Jeweller Limited. A Joint Lenders Meeting took place on 03.04.2024. The petitioner's counsel requested an adjournment to finalize details. The court granted one last opportunity and listed the matter for continuation of arguments on 25.04.2024. The order was directed to be sent to IBBI, the Secretary of the Department of Financial Services, Ministry of Finance, and the Chief General Manager, SBI, New Delhi. The relevance of the Joint Lenders Meeting is that it is a crucial step in resolving the insolvency proceedings, and the final details being worked out are essential for the court to make an informed decision.