Alps Industries Limited has informed the Exchange about the Outcome of the Eighth Meeting of Committee of Creditors held on May 16, 2025.
Awaiting price reaction for this filing.
Alps Industries held its 8th meeting of the Committee of Creditors on May 16, 2025 under the ongoing Corporate Insolvency Resolution Process (CIRP). Key items discussed include the status of resolution plans received from prospective resolution applicants, an application filed by Kotak Mahindra Bank against the Resolution Professional challenging the rejection of its claim, a claim received from the Delhi Department of Trade & Taxes, and the methodology for maximising value from the resolution plans as per IBC and CIRP regulations. The COC also took note of estimated CIRP costs and notices received from the EPFO department. All items were 'discussed and noted' with no final decisions reported in this filing.
The company remains in active insolvency resolution, with multiple creditor claims and legal challenges still being processed. For shareholders, this means resolution plan evaluation is ongoing but no final resolution has been approved yet, keeping the stock under uncertainty typical of CIRP-stage companies.