Ankit Metal & Power Limited has informed the Exchange about Corporate Insolvency Resolution Process
ANKITMETAL · price
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Ankit Metal & Power Limited, which is currently under the Corporate Insolvency Resolution Process (CIRP), held its 13th meeting of the Committee of Creditors (CoC) on 14 February 2025. The e-voting concluded on 20 February 2025. The CoC approved, by the requisite majority, the challenge process mechanism document.
The company remains in insolvency proceedings and is not yet out of financial distress. The approval relates to a procedural step (challenge process mechanism) rather than a final resolution plan, meaning significant uncertainty for shareholders persists and the stock remains under stress.