Creditors approve resolution plan in ongoing insolvency process
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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At the 12th creditors' committee meeting on 4 November 2026, a resolution plan was approved for Radhagobind Commercial Limited. NCLT admitted its insolvency process on 30 October 2025. Members finalised voting and tie-breaking rules, authorised next steps and approved a monitoring committee. They also approved temporary funding from financial creditors and noted liquidation costs, the liquidator's fee and regulatory spending.
Creditor approval of a rescue plan is positive, but shareholder value remains uncertain until implementation; recovery depends on final terms.