BSERolta India LtdCriticalNegative
Announced Sat, 29 Nov · 16:55 IST

As per the attachment.

Nclt Insolvency AdmittedRegulatory & Legal View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The 37th meeting of the Committee of Creditors (CoC) of Rolta India Limited was held on November 28, 2025, under the ongoing Corporate Insolvency Resolution Process (CIRP). The CoC noted the Supreme Court's order dated November 19, 2025 in Civil Appeal No. 7837 of 2024, where Peanence Commercial Private Limited's appeal against Resolution Professional Mamta Binani was dismissed. The Supreme Court ruled that the 'assignment did not take place' based on the terms of the deed of assignment, finding no reason to entertain the appeal. The meeting also discussed updates on the CIR process and the holding of the Annual General Meeting for FY 2024-25. The filing is signed by the Resolution Professional, confirming the company remains under insolvency proceedings.

Likely market impact

For shareholders, the stock remains suspended from trading as the company continues under CIRP. The dismissal of the Peanence appeal removes a legal obstacle for the Resolution Professional and provides clarity for the ongoing resolution process; the final outcome for shareholders will depend on the resolution plan that gets approved by the CoC and the NCLT.