Post-Facto Intimation: 4th Meeting of Committee of Creditors Held and Concluded
The company has shared a post-facto (after the event) intimation about its 4th Committee of Creditors (CoC) meeting.
By ScoutQuest · · 2 min read
- CoC Meeting Held
- 4th Committee of Creditors meeting held on Wednesday, 30th September 2026 after adjournment
- CoC Meeting Concluded
- concluded on Tuesday, 13th October 2026
- CIRP Effective Date
- 11th July 2024
The company has informed the exchanges about its 4th Committee of Creditors (CoC) meeting. The intimation is post-facto, meaning it was shared after the meeting took place.
The meeting at a glance
- The 4th CoC meeting was held on Wednesday, 30th September 2026 after adjournment, and concluded on Tuesday, 13th October 2026.
- It was held under Section 24 of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Regulation 18 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
- The letter is dated 15th October 2026 and is marked for information and record.
What the Committee of Creditors is
- In a corporate insolvency resolution process (CIRP), the CoC is the body of the company's creditors. It is the forum where key decisions on the insolvency process are taken.
- The resolution professional runs the process, while the CoC is the decision-making forum of the creditors under the Code.
Where the company stands
- The company is undergoing CIRP under the IBC with effect from 11th July 2024.
- Because of this, the powers of the Board of Directors stand suspended.
- The adjudicating authority appointed Mr. Anurag Goel as Interim Resolution Professional (IRP), who is managing the assets, the management and the functions laid down under the Code.
- A copy of the order is available on the company's website.
How a retail shareholder may read this
- This is a procedural update that a lenders' meeting was held and concluded, shared for information and record.
- While a company is under CIRP, its affairs are run through the process laid down in the Code, and the Board of Directors does not exercise its powers in the usual way.
- Developments connected with the CIRP are communicated to the exchanges as they happen, and these updates are the ones shareholders can follow.
Also from Simbhaoli Sugars
Whole-Time Director's Term Completed; Continues as Non-Executive Director and COO Under CIRP
26 Sep 2026
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