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Announced Wed, 29 Jul, 2026 · 16:08 IST

11th CoC meeting: 90-day CIRP extension sought, 13 PRAs finalised, impersonation FIR planned

Nclt Insolvency AdmittedFraud ConfirmedRegulatory & Legal View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

11th CoC meeting on 23 July 2026. Serious impersonation incident uncovered: an individual falsely represented Mr. Jaiprakash Mishra in prior CoC meetings. FIR to be filed. Suspended directors suspected as name-lenders, with actual control by Tayal Group. CIRP expires 15 Aug 2026; 90-day extension sought to allow plan submission by 2 Sept. 13 PRAs finalised from 14 EOIs; OM Heritage Spring Realty rejected for non-compliance. CIRP costs total Rs 5.27 crore as of 30 June 2026; RP waived Rs 1.31 crore in professional fees.

Likely market impact

Insolvency process drags on. Extension needed for completion. Fraud concerns flag governance issues. Creditor recovery hinges on resolution plan quality.