COC meeting outcomes: settlements approved, fund distribution rejected
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Compuage Infocom's 26th Committee of Creditors meeting under its ongoing CIRP saw four items approved via e-voting: settlements with three debtors (Infiniti Power, Alphatech Systems, and Educare Technologies), warehouse services agreement with Ashwamedh Express, and ratification of FY26-27 BSE and NSE listing fees. However, a proposal to file an NCLT application for distribution of funds lying in the CIRP and Indian Bank accounts did not receive requisite votes. Company remains under insolvency process managed by Resolution Professional Gajesh Labhchand Jain.
Fund distribution delay may frustrate creditors. Debtor settlements approved may aid recoveries. Company still under insolvency with no resolution plan yet approved.