We Wish to Inform you that 18th Meeting of Commitee of Creditors is Proposed to be held on Monday 2, June 2025 at 4 PM Through Video Conference
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Spectra Industries Limited has informed BSE that the 18th meeting of its Committee of Creditors (CoC) will be held on June 2, 2025, at 4 PM via video conferencing. The key agenda item is to adopt an inter se bidding mechanism for the resolution plans submitted by resolution applicants to the Resolution Professional. The company is currently under the Corporate Insolvency Resolution Process (CIRP), with a Resolution Professional appointed by the NCLT Mumbai order dated June 16, 2023. This is the 18th CoC meeting, indicating the resolution process has been prolonged.
The company remains under insolvency proceedings with no resolution plan yet finalised. Shareholders face continued uncertainty as the lengthy CIRP process delays any potential recovery, and the ongoing meetings suggest the company is still working toward selecting a resolution applicant.