New Delhi: Standard Capital Markets Limited (SCML) (BSE Scrip Code: 511700) has announced that it has received and accepted a Letter of Intent (LoI) in connection with 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 LoI was issued by the Resolution Professional on December 18, 2025, following the approval of the resolution plan submitted by SCML by the Committee of Creditors (CoC) of the Corporate Debtor. The Company formally accepted the LoI on December 19, 2025.
The resolution plan will now be placed before the Hon’ble National Company Law Tribunal (NCLT), Delhi Bench, for its approval. Implementation of the plan will be subject to the terms and conditions outlined in the LoI and the receipt of requisite approvals from the NCLT and other regulatory authorities, courts, or tribunals, as applicable.
Commenting on the development, the management of SCML stated: “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.”
SCML confirmed that it will continue to make disclosures in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as and when material developments occur.
