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JCT Electronics has informed the exchanges that the Board for Industrial and Financial Reconstruction passed an order asking the company to be wound up. As the company had not received any objections or suggestions from banks, financial institutions, workers, etc. to its statutory advertisement (according to the directive by BIFR) that was published in newspapers on August 6, the BIFR passed the order. Earlier, the company had informed the exchanges about the declaration of the rehabilitation scheme passed for the company as failed by BIFR at its hearing held on July 8. Shares of JCT Electronics jumped 14.3 per cent at ₹0.40 on the NSE.
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