Compuage Infocom Limited has informed the Exchange about Corporate Insolvency Resolution Process
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Compuage Infocom Limited has filed its List of Creditors as on 16 June 2025 with the NCLT Mumbai Bench. The company's Corporate Insolvency Resolution Process (CIRP) commenced on 2 November 2023, and Mr. Gajesh Labhchand Jain is acting as the Resolution Professional under an NCLT order dated 29 April 2024. The list covers secured financial creditors (banks like Central Bank of India, PNB, Bandhan Bank, IDBI Bank, Doha Bank, IDFC First Bank, and STCI), unsecured financial creditors, operational creditors (employees, government tax dues, and trade suppliers), and other creditors including share-related claims by promoter-directors Atul H Mehta and Bhavesh H Mehta. Total admitted claims run into hundreds of crores across categories, with claims still subject to NCLT approval and adjudication.
This is a procedural update within an ongoing insolvency process, not a new insolvency event. Shareholders face significant risk of dilution or loss as creditor claims are being verified and adjudicated. The stock remains under stress with the company's management now in the hands of the Resolution Professional.