Radhagobind Commercial539673CIRP or IBC

CoC approves resolution plan at twelfth meeting under CIRP

The 12th meeting of the Committee of Creditors of Radhagobind Commercial Ltd was held on Wednesday, November 04, 2026, from 03:00 P.M. to 04:30 P.M. (IST) through audio-visual means, with quorum present.

By ScoutQuest · Wed 4 Nov 2026, 10:01 PM IST · 2 min read

CoC Meeting: 12th meeting held on Wednesday, November 04, 2026, from 03:00 P.M. to 04:30 P.M. (IST)
Resolution Plan Approval: Resolution Plan was considered and approved under Section 30(4) of the IBC
Monitoring Committee: Setting up of a Monitoring Committee under Regulation 38(4) was approved

What this update is about

The Resolution Professional of Radhagobind Commercial Ltd, a company under Corporate Insolvency Resolution Process, has reported the outcome of the Twelfth (12th) meeting of the Committee of Creditors (CoC). The meeting was held on Wednesday, November 04, 2026, through audio-visual means, from 03:00 P.M. to 04:30 P.M. (IST), and was chaired by the Resolution Professional, Mr. Najeeb T P. The requisite quorum was present.

Quick background for a new reader

A company under CIRP is being run by a Resolution Professional instead of its board, under the Insolvency and Bankruptcy Code, 2016.
The CoC is the committee of the company's creditors, and it is the body that votes on how the company's insolvency is resolved.
The CoC meets from time to time and its decisions are intimated to the stock exchanges.

Key decision at this meeting

The Resolution Plans received were discussed.
The voting procedure and the tie-breaker formula under Regulations 39(3)(c), 39(3A) and 39(3B) of the CIRP Regulations were finalised.
The Resolution Plan was considered and approved under Section 30(4) of the IBC. This is the provision under which the committee of creditors approves a resolution plan by vote.
The course of action to be followed if no Resolution Plan receives the requisite votes was decided.
The Resolution Professional was authorised to undertake the necessary post-approval actions.

Other items approved or noted

Setting up of a Monitoring Committee under Regulation 38(4) was approved. A monitoring committee is a body that oversees implementation of an approved plan.
The liquidation cost estimate and the liquidator's fee under Regulations 39B and 39D were noted.
The CIRP costs incurred till date and interim finance from financial creditors were discussed and approved.
The regulatory fee payable to the IBBI under Regulation 31A, and its treatment as a CIRP cost, was approved.
The incentive to the Resolution Professional was determined and approved.
The minutes of the 11th CoC meeting held on 22.09.2026 were ratified.
Leave of absence of members and the invitation to operational creditors as observers under Regulation 16E were noted.

What a retail investor can take away

The update records that the creditors' committee has approved a Resolution Plan and has put in place the voting and tie-breaker mechanics for it, plus a monitoring committee for the implementation stage.
The process remains under the Insolvency and Bankruptcy Code, and the company continues to be described as a company under Corporate Insolvency Resolution Process.
The intimation deals with procedural and approval decisions taken at the meeting; it is an update on the progress of the resolution process rather than a financial results announcement.
Approvals of this kind are generally read as a step forward in the insolvency process, while the eventual outcome for the company and its stakeholders depends on how the approved plan is carried forward.

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