Morarjee Textiles Limited has informed the Exchange about Corporate Insolvency Resolution Process
MORARJEE · price
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Awaiting price reaction for this filing.
Morarjee Textiles informed the exchanges about its 28th meeting of the Committee of Creditors held on 12th September 2025. The company is already under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, after the National Company Law Tribunal (NCLT), Mumbai admitted insolvency proceedings via order dated 9th February 2024. Mr. Ravi Sethia is managing the company's affairs as the Resolution Professional, having been confirmed by the CoC on 22nd May 2024. This filing is a routine disclosure about a CoC meeting, not a new insolvency event.
Existing shareholders continue to face significant uncertainty — equity value is typically at high risk during CIRP as the resolution plan may lead to restructuring, dilution, or liquidation. The stock remains distressed and speculative.