Parsvnath Developers Limited has informed the Exchange that 1st meeting of Committee of Creditors of the Company is scheduled to be held today i.e. Wednesday, 10th of June, 2026 by Interim Resolution Professional, Mr. Manoj Kumar Anand
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Parsvnath Developers has informed the exchange that the first meeting of the Committee of Creditors (CoC) of the company will be held today, June 10, 2026. The meeting will be conducted by the Interim Resolution Professional (IRP), Mr. Manoj Kumar Anand, appointed under the Insolvency and Bankruptcy Code (IBC). This signals that corporate insolvency resolution proceedings (CIRP) have been initiated against the company after admission by the NCLT. The first CoC meeting typically covers the appointment of a resolution professional, evaluation of the company's financial position, and the framework for inviting resolution plans from potential buyers.
This is a significant negative development for shareholders. With insolvency proceedings now formally underway, existing equity is at high risk of dilution or total loss depending on the resolution process outcome. The stock may already be trading under trading restrictions per SEBI/Levy/IRCTC-type rules applicable during insolvency.