Outcome of 7th COC meeting held on 14-04-2026

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

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AI summary

Radhagobind Commercial Ltd is under Corporate Insolvency Resolution Process (CIRP) following NCLT Kolkata Bench orders. The 7th Committee of Creditors meeting was held on 14-04-2026 under the chairmanship of Resolution Professional Najeeb T P. The meeting discussed progress on CIRP and receipt of addendums to original resolution plans with additional undertakings and affidavits. The CoC decided to obtain a legal opinion on all resolution plans received, including review of bulk transactions. They also decided to seek a 90-day extension for the CIRP timeline. The meeting lasted one hour and concluded at 6:30 pm.

Likely market impact

The company remains under insolvency proceedings with no resolution plan yet approved. Shareholders should note that the company is in a critical restructuring phase and a 90-day timeline extension indicates the process is taking longer than initially planned.