2nd Meeting of Committee of Creditors Scheduled Under Ongoing Insolvency Process

The Resolution Professional has informed the exchanges that the 2nd meeting of the Committee of Creditors (CoC) will be held on Friday, 25th September 2026.

Fri 25 Sep 2026

Meeting Type

2nd Meeting of the Committee of Creditors (CoC)

Meeting Date

Friday, 25th September 2026

Process Status

Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016

Company Manager

Resolution Professional (Alok Kumar Murarka)

What was shared

The Resolution Professional of the company has informed BSE and NSE that the 02nd (Second) Meeting of the Committee of Creditors is scheduled to be held on Friday, 25th September 2026. The intimation is made under Regulation 30 and Para 16(g) of Part A of Schedule III of the SEBI LODR Regulations.

Background

• The company is under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, read with the CIRP Regulations, 2016.
• During CIRP, the board's powers stand suspended and the company is managed by the Resolution Professional, here Alok Kumar Murarka.
• The Committee of Creditors is the body of the company's financial creditors; it takes the key decisions in an insolvency case, such as evaluating and voting on resolution plans.

What it means for investors

This is a procedural intimation of a scheduled meeting. The update states the fact and date of the meeting only.

For equity shareholders, CIRP is a significant situation: the outcome of the process, decided largely by the Committee of Creditors and approved by the NCLT, determines whether the company is revived through a resolution plan or goes into liquidation. In many resolved cases, existing equity can be substantially diluted or extinguished, depending on the terms of the approved plan.

Investors may want to track subsequent disclosures from the Resolution Professional on claims admitted, invitation for expression of interest, resolution plans received, and CoC voting outcomes.

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