20th Committee of Creditors Meeting Under CIRP Scheduled
The company, currently under the Corporate Insolvency Resolution Process (CIRP), has informed exchanges that the 20th meeting of its Committee of Creditors (CoC) will be held on Wednesday, 30th September 2026.
- CoC Meeting Number
- 20th meeting
- Meeting Date
- Wednesday, 30th September 2026
- Company Status
- Under Corporate Insolvency Resolution Process (CIRP)
- Former Company Name
- Binani Industries Limited
What was shared
The company informed BSE, NSE and The Calcutta Stock Exchange that the 20th meeting of the Committee of Creditors (CoC) will be held on Wednesday, 30th September 2026.
Context
- The company is operating under the Corporate Insolvency Resolution Process (CIRP), as indicated by the signing block "under CIRP".
- It was formerly known as Binani Industries Limited.
- During CIRP, the board's powers are suspended and a resolution professional runs the company, with the CoC (mainly financial creditors) taking key decisions such as approving or rejecting resolution plans.
What this means for a shareholder
- The update is an advance intimation of a meeting, not an outcome. Any decision taken at the meeting would need a separate disclosure.
- The fact that this is the 20th such meeting indicates the resolution process has been running for an extended period.
- In insolvency, creditors' claims rank ahead of equity shareholders, so the eventual resolution outcome determines what, if anything, remains for shareholders.
Nature of the disclosure
This is a procedural update made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para 16(g) of Part A of Schedule III, which requires companies under CIRP to intimate CoC meetings.
More numbers
- Committee of Creditors meeting number20th meeting
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.