RCI Industries & Technologies announced an update on its Corporate Insolvency Resolution Process.

The National Company Law Tribunal (NCLT) has heard the company's Resolution Plan and related applications.

Following the hearing, the NCLT has reserved its order regarding the approval of the resolution plan and several other pending applications.

This indicates a significant step forward in the company's insolvency proceedings, moving closer to a potential final decision.

Remaining applications are slated for further NCLT consideration.