Arshiya Limited has informed the Exchange about the eleventh meeting of committee of creditors
ARSHIYA · price
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Awaiting price reaction for this filing.
Arshiya Limited has informed the stock exchange that the 11th meeting of its Committee of Creditors will be held. The CoC is a key body formed under the Insolvency and Bankruptcy Code (IBC) to take decisions on the company's resolution process, including evaluating resolution plans from potential bidders. The fact that this is already the 11th meeting suggests the corporate insolvency resolution process (CIRP) has been ongoing for a considerable time. No specific agenda, resolution plan details, or financial figures were disclosed in this filing — it is a procedural update. Shareholders are awaiting clarity on whether a viable resolution plan will be approved or if the company faces liquidation.
Continued uncertainty for equity shareholders, as insolvency proceedings remain unresolved and the equity may be fully written down depending on the outcome of creditor decisions. The stock is likely to remain volatile and thinly traded until a resolution plan is finalized.