Notice of Nineteenth COC Meeting to be held at Shorter notice on Friday, 11th July, 2025 at 06: 00 PM at MNK House, 9A/9-10, Basement East Patel Nagar, New Delhi-110008
Awaiting price reaction for this filing.
Jatalia Global Ventures Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), has informed the stock exchange about its 19th meeting of the Committee of Creditors (COC) scheduled for July 11, 2025, at 6:00 PM at a venue in New Delhi. The company was admitted into insolvency by the NCLT New Delhi Bench (Court-II) via order dated March 7, 2024, in CP No. IB-263/ND/2023. The meeting is being convened at shorter notice and will be chaired by Resolution Professional Mohd Nazim Khan. The fact that this is the 19th COC meeting indicates the insolvency resolution process has been ongoing for well over a year.
The company remains under insolvency proceedings, which is a strongly negative signal for equity shareholders who are last in the priority list and typically recover little to nothing. The prolonged CIRP (already past its typical 330-day timeline, now in its 19th COC meeting) raises concerns about resolution delays and potential liquidation risk.