Reliance Communications Limited has informed the Exchange about Notice of meeting of Committee of Creditors (CoC) scheduled to be held on Thursday, May 29, 2025.
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Reliance Communications has informed the stock exchange about a Committee of Creditors (CoC) meeting scheduled for Thursday, May 29, 2025. The CoC is the key decision-making body under the Insolvency and Bankruptcy Code (IBC) that reviews and approves resolution plans or liquidation decisions. This filing is a routine procedural disclosure required during the ongoing Corporate Insolvency Resolution Process (CIRP). The company continues to be under insolvency proceedings, with no mention of a resolution plan being approved or any change in status. No financial figures, bids, or specific agenda items were disclosed in this notice.
This is a procedural update and is unlikely to move the stock on its own. However, the outcome of the May 29 meeting (such as progress on a resolution plan, extension of timelines, or movement toward liquidation) could materially affect shareholders, who are at the bottom of the creditor priority and typically face significant loss of value in IBC proceedings.