Outcome of 2nd Committee of Creditors meeting under insolvency process

The company is under the Corporate Insolvency Resolution Process (CIRP).

Wed 30 Sep 2026

Meeting Date

30th September, 2026 at 05:39 p.m.

Meeting Format

Video conferencing

Previous CoC Meeting Date

3rd September, 2026

Process Status

Corporate Insolvency Resolution Process (CIRP) ongoing

What was announced

The company, referred to as the Corporate Debtor, is undergoing the Corporate Insolvency Resolution Process (CIRP). It has given a post-facto intimation that the 2nd meeting of the Committee of Creditors (CoC) was convened and conducted on 30th September, 2026 at 05:39 p.m. through video conferencing.

What the CoC discussed

• Minutes of the 1st CoC meeting held on 3rd September, 2026
• Status of claims received from creditors
• Action taken by the Resolution Professional since the last CoC meeting
• Status of the application shared with the Adjudicating Authority
• Other CIRP related matters

What CIRP means in simple terms

When a company is admitted into insolvency, control passes from the board to a Resolution Professional, who runs the process under the supervision of the Committee of Creditors — the group of lenders whose claims are admitted. The CoC meets periodically to review claims, approve the professional's actions and eventually consider any resolution plan for the company.

How investors may read it

This intimation is a progress update rather than a decision on the company's future. The CoC took note of items; no resolution plan approval, no debt settlement and no monetary outcome is stated here. Equity shareholders rank last in an insolvency process, so the eventual outcome of the CIRP is the key item to watch in subsequent updates.

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