First Committee of Creditors meeting held under insolvency process
PARSVNATH · price
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Parsvnath Developers has informed exchanges that the first meeting of the Committee of Creditors was held on June 10, 2026, conducted by Interim Resolution Professional Mr. Manoj Kumar Anand. This indicates the company has entered the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, with the IRP now overseeing company affairs.
Insolvency proceedings initiated. Shareholders face high uncertainty as equity value may be diluted or wiped out during resolution.