outcome of 17th CoC Meeting
IMPEXFERRO · price
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Awaiting price reaction for this filing.
Impex Ferro Tech Limited is currently undergoing Corporate Insolvency Resolution Process (CIRP). The 17th meeting of the Committee of Creditors was held on June 18, 2025. Key items discussed included updates on steps taken by the Resolution Professional, approval of CIRP costs up to May 25, 2025, and noting of an extension of the CIRP timeline granted by the NCLT, Kolkata. The company remains under insolvency proceedings with no resolution plan approved yet.
Shareholders remain in limbo as the insolvency process continues and has been formally extended by the NCLT. This indicates no quick revival and prolongs uncertainty for equity holders, who typically face significant dilution or loss under insolvency resolution.