Intimation of 25th COC meeting Outcomes

Nclt Insolvency AdmittedNclt Resolution ApprovedRegulatory & Legal View source PDF

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AI summary

Compuage Infocom Limited held its 25th Committee of Creditors meeting on 14th May 2026, with e-voting concluding on 25th May 2026. Two resolutions were approved by e-voting: approval of a settlement proposed by debtor BK Enterprises, and appointment of Mr. Ashutosh Kumar for legal representation before the Judicial Magistrate of First Class, Patiala House, New Delhi. The company continues to be under Corporate Insolvency Resolution Process (CIRP) under IBC 2016, with Mr. Gajesh Labhchand Jain serving as Resolution Professional, following an NCLT order dated 29th April 2024.

Likely market impact

The company remains in insolvency proceedings. Approval of settlement and legal representation indicates ongoing resolution process progress, with outcomes still uncertain for shareholders.