Resolution plan finalised; CoC approves it with 100% voting share
Resolution plan for the company has been finalised under the Insolvency and Bankruptcy Code, 2016.
By ScoutQuest · · 1 min read
- CoC Approval
- 100% voting share in favour, above the minimum threshold under Section 30(4)
- CoC Meeting / E-voting Window
- Meeting held 04-11-2026; e-voting 6:00 p.m. 06-11-2026 to 6:00 p.m. 07-11-2026
- Next Step
- Resolution Professional to file plan with NCLT, Kolkata for approval under Section 31
What the update says
The Resolution Professional appointed by the Hon'ble NCLT, Kolkata Bench has informed BSE Limited and The Calcutta Stock Exchange Limited that the resolution plan for the company has been finalised in accordance with the Insolvency and Bankruptcy Code, 2016 and the regulations made thereunder.
Committee of Creditors vote
- The CoC considered the resolution plan at its meeting held on 04-11-2026.
- The plan was put to vote through e-voting, with the window open from 6:00 p.m. on 06-11-2026 to 6:00 p.m. on 07-11-2026.
- On completion of e-voting, the plan was approved with 100% voting share in favour, which the update notes is in excess of the minimum threshold prescribed under Section 30(4) of the Code.
What happens next
- The Resolution Professional will file the CoC-approved resolution plan, together with the application under Section 30(6) of the Code, with the Hon'ble NCLT, Kolkata.
- The plan now requires the NCLT's approval under Section 31 of the Code.
Operational creditors
- BSE Limited and The Calcutta Stock Exchange Limited, being operational creditors of the company, have been provided the minutes of the 12th meeting of the CoC held on 04-11-2026, at which the resolution plan was considered.
How a retail investor can read this
A resolution plan being approved by creditors is one step in the insolvency process. The update sets out that the plan is now to be placed before the NCLT for approval. The update states the plan was approved with 100% voting share in favour; it does not set out the payment terms, timelines or what holders of the company's shares would receive under the plan.
Also from Radhagobind Commercial
CoC approves resolution plan at twelfth meeting under CIRP
4 Nov 2026
12th CoC meeting on 4 November 2026 to consider and vote on a resolution plan
3 Nov 2026
More numbers
- CoC approval of resolution plan (voting share in favour)100%
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