Monitoring Committee constitution report shared with NCLT Mumbai Bench-I
Zicom Electronic Security Systems, which is under Corporate Insolvency Resolution Process, has informed BSE and NSE that the constitution report of its Monitoring Committee was shared on 23.10.2026 before the Hon'ble NCLT, Mumbai Bench-I.
By ScoutQuest · · 2 min read
- Update date
- 23.10.2026
- Forum
- Hon'ble NCLT, Mumbai Bench-I
- Signed by
- Chirag Shah as Chairman of the Monitoring Committee
What was shared
Zicom Electronic Security Systems Ltd, which the letter describes as being under Corporate Insolvency Resolution Process, has informed the stock exchanges that the constitution report in respect of its Monitoring Committee has been shared on 23.10.2026 before the Hon'ble National Company Law Tribunal, Mumbai Bench-I. The update states this was done in accordance with the Insolvency and Bankruptcy Code, 2016.
Who sent it
The communication is signed by Chirag Shah as Chairman of the Monitoring Committee. The letterhead carries the company's CIRP email address and describes the company as being under Corporate Insolvency Resolution Process.
The background in simple terms
- A company in insolvency resolution is run through a court-supervised process under the Insolvency and Bankruptcy Code, 2016.
- Within that framework, a monitoring committee is generally the body set up to oversee implementation of a resolution plan once it is approved.
- This intimation is about the constitution of that committee for Zicom, and the report on it being placed before the NCLT.
What this update is, and is not
- It is a status intimation to the exchanges about a step in the insolvency process being recorded with the NCLT.
- It comes from the Chairman of the Monitoring Committee rather than from the company's board.
- It carries no financial figures, share counts or timelines; the substance is the update of the constitution report itself.
How to read it
For a retail investor, this is a process marker in an ongoing insolvency case. It tells you that the Monitoring Committee stage is being documented formally before the NCLT. The intimation is procedural in nature and should be read alongside the company's other CIRP-related disclosures and the NCLT record.
Also from Zicom Electronic Security Systems
NCLT Order on Central Bank of India's Plea Over Resolution Plan Distribution; Plan Approved Under Section 31
25 Sep 2026
NCLT approves resolution plan of Advaita Trading under IBC; total plan value Rs. 17,75,54,841
25 Sep 2026
NCLT Approves Resolution Plan Submitted by Advaita Trading Private Limited
24 Sep 2026
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