Prior Intimation of Third meeting of COC
Awaiting price reaction for this filing.
Aban Offshore is currently undergoing the Corporate Insolvency Resolution Process (CIRP) after the NCLT admitted its insolvency case on 1 September 2025. Shailesh Desai, the appointed Resolution Professional, has informed the BSE and NSE that the 3rd meeting of the Committee of Creditors (CoC) will be held on 19 January 2026 in Mumbai, with audio/video conferencing also available. This is a routine procedural intimation required under the Insolvency and Bankruptcy Code, 2016. At this meeting, creditors will likely review the progress of the resolution process and discuss the way forward for the company.
Investors should note that the company remains under insolvency proceedings, meaning high uncertainty for shareholders. The stock is likely to stay volatile, and any value recovery will depend heavily on the resolution plan approved by the creditors.