28th COC meeting: Global Networks settlement and flat re-letting broker engagement approved

Compuage Infocom Ltd has disclosed the decisions taken at the 28th meeting of its Committee of Creditors (COC).

Wed 7 Oct 2026

Settlement Amount

Rs. 6,33,01,648/-

NCLT Order Date

03.09.2026

COC Meeting

28th meeting of its Committee of Creditors (COC)

Compuage Infocom Ltd has intimated the decisions taken at the 28th meeting of its Committee of Creditors (COC), held on Tuesday, 22nd September 2026, with e-voting concluded at 6:00 PM IST on 07 October, 2026.

Resolutions approved by e-voting

• Settlement proposal of M/s. Global Networks: approved. It is pursuant to the order dated 03.09.2026 passed by the Hon'ble NCLT, Mumbai, for payment of Rs. 6,33,01,648/- towards the outstanding amount in full and final settlement of the outstanding dues.
• Engagement of a Property Broker for re-letting of Residential Flat No. A-502, Raheja Ridgewood: approved.

What the terms mean

The first resolution is a settlement of outstanding dues for a stated sum, described in the update as payment towards the outstanding amount in full and final settlement. The second resolution allows a property broker to be engaged to re-let a specific residential flat.

Where the company stands

Compuage Infocom Ltd is under Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. Its affairs, business and assets are being managed by the Resolution Professional, Mr. Gajesh Labhchand Jain, appointed under the provisions of the Code.

What the COC is

The COC is the committee of the company's creditors. During a Corporate Insolvency Resolution Process, decisions such as approving a settlement proposal or engaging a broker to re-let a property are placed before the COC and decided by its members, here through e-voting.

What a reader can take away

• Both items placed before the COC were approved by e-voting.
• One approval relates to a monetary settlement of Rs. 6,33,01,648/- in full and final settlement of outstanding dues.
• The other approval relates to engaging a broker to re-let a specified residential flat.

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