Morarjee Textiles Limited has informed the Exchange about Corporate Insolvency Resolution Process
MORARJEE · price
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Morarjee Textiles Limited informed the exchanges that the 29th meeting of the Committee of Creditors (COC) was held on 22nd September 2025. The company has been under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016 since February 2024, when NCLT Mumbai admitted the insolvency petition. Mr. Ravi Sethia, appointed as the Interim Resolution Professional in February 2024, was confirmed as the Resolution Professional by the COC in May 2024 and continues to manage the company's affairs, business, and assets.
This is a procedural update confirming that the company's insolvency resolution process is still ongoing with no resolution plan yet approved. Shareholders face continued uncertainty as the company remains under Resolution Professional control, with no timeline indicated for plan approval or revival.