MEP Infrastructure Developers Limited has informed the Exchange about Corporate Insolvency Resolution Process
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MEP Infrastructure Developers Limited informed the stock exchanges about the 15th meeting of the Committee of Creditors held on 20th June 2025, conducted under the ongoing Corporate Insolvency Resolution Process (CIRP) initiated by the NCLT on 28th March 2024. Mr. Ravindra Kumar Goyal continues to act as the Resolution Professional. The company also disclosed that it inadvertently failed to intimate the exchanges about the 13th (23rd May 2025) and 14th (2nd June 2025) CoC meetings because the Company Secretary had resigned on 3rd March 2025. The company has requested the exchanges to take a lenient view of this compliance lapse.
The company remains under insolvency proceedings since March 2024, with ongoing creditor meetings indicating that the resolution process is still active and a final resolution plan is yet to be approved. This status typically keeps the stock under trading restrictions and signals continued uncertainty for shareholders about recovery of value.