DRAT (The Debts Recovery Appellate Tribunal) Unlocks PC Jeweller’s Retail Spaces; A New Chapter Begins

In a significant development for the Indian jewelry market, the Debt Recovery Appellate Tribunal (DRAT) approved a joint application filed by PC Jeweller Limited and its consortium of lenders. Following this, DRAT ordered the release of keys and inventory of showrooms that were previously under its custody, including prominent locations like South Extension and Kingsway Camp in Delhi.

This release comes after PC Jeweller complied with the terms of the settlement agreement executed on September 30, 2024. With full possession of its inventory and showrooms restored, the company is poised to strengthen its market presence and rebuild customer confidence.

The move also signals a positive outlook for stakeholders, enabling PC Jeweller to focus on business operations, expand retail footprints, and improve financial stability. The tribunal’s approval reinforces collaboration between the company and lenders toward resolving debts and securing future growth.

Key Highlights

DRAT approved joint settlement application between PC Jeweller and consortium lenders.

Showroom keys and inventory handover completed for key Delhi locations.

Full possession of inventory regained by PC Jeweller after compliance with settlement terms.

Development boosts operational capabilities and investor confidence.

Signals progression in PC Jeweller’s financial restructuring and recovery.

Promotes business expansion and stronger market positioning ahead.

Sources: TaxScan, White Collar Professional, The New Indian Express, PC Jeweller filings.