The Ninth CoC meeting was held on 16.04.2025 at 03:30 P.M. where four agendas were taken and approved by the CoC.
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Awaiting price reaction for this filing.
Rama Paper Mills Ltd, currently under the Corporate Insolvency Resolution Process (CIRP), held its ninth meeting of the Committee of Creditors (CoC) on 16 April 2025 via video conferencing. Four items were put to vote: (1) ratifying expenses to keep the company operating, (2) ratifying the Resolution Professional's expenses, (3) approving the Resolution Plan submitted by the Resolution Applicants, and (4) estimating liquidation costs and related items under IBBI regulations. The e-voting ran from 19 April to 22 April 2025, and the results were circulated by the Resolution Professional on 23 April 2025. The filing was made by Sandeep Kumar Agrawal, the appointed Resolution Professional.
The company remains under insolvency proceedings. The outcome of the e-voting on the Resolution Plan is the key thing shareholders should watch — if approved by the CoC, it moves toward NCLT confirmation and potential recovery for creditors and shareholders; if not, liquidation becomes more likely.