INTIMATION OF 2ND MEETING OF COMMITTEE OF CREDITORS
Awaiting price reaction for this filing.
Aban Offshore Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has informed stock exchanges about its 2nd Meeting of the Committee of Creditors (CoC) scheduled for 12th December 2025 in Mumbai. The company was admitted into insolvency by the NCLT Hyderabad on 1st September 2025 under the Insolvency and Bankruptcy Code (IBC), 2016. Shailesh Desai, the appointed Resolution Professional, has signed the intimation. The meeting will consider matters related to the ongoing resolution process for the company.
This filing signals that the insolvency proceedings are actively progressing. Shareholders face significant uncertainty as equity may be substantially diluted or wiped out depending on the resolution plan approved by creditors. Stock price is likely to remain volatile and depressed.