CoC approves Ankoor Distilleries resolution plan with 100% vote

Nclt Resolution ApprovedRegulatory & Legal View source PDF Explain this filing

IMPEXFERRO · price

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AI summary

Impex Ferro Tech, currently in insolvency, held its 29th Committee of Creditors meeting on July 6, 2026. Creditors approved the resolution plan submitted by Ankoor Distilleries with 100% voting (threshold was 51%). The CoC authorized the Resolution Professional to issue a Letter of Intent to Ankoor and to take all necessary actions under the IBC. Liquidation proceedings were rejected with 0% vote. Next step is filing with NCLT for final sanction of the plan.

Likely market impact

Move toward revival is positive for lenders, but equity holders may face dilution or losses. Final outcome depends on NCLT sanction.