The Committee of Creditor of the Corporate Debtor , M/s Telephone Cables Limited, was constituted on 13.03.2026 and the application of the List of Creditors was filed on 14.03.2026..
Awaiting price reaction for this filing.
Telephone Cables Limited is undergoing Corporate Insolvency Resolution Process (CIRP) under NCLT, Chandigarh. The Committee of Creditors (CoC) was formally constituted on 13th March 2026 with total verified claims of INR 5,920.87 crore (approximately ₹5,921 crores). The CoC comprises four financial creditors, with Omkara Assets Reconstruction Pvt Ltd holding dominant 87.82% voting share, followed by Kotak Mahindra Bank (6.22%), Punjab & Sind Bank (3.64%), and Canara Bank (2.32%). The IRP has called upon creditors to designate their representatives for CoC meetings.
This indicates the company is deep into the insolvency process. The heavy concentration of voting rights with one creditor (Omkara) may significantly influence any resolution plan. Shareholders face potential dilution or complete loss as the resolution process proceeds toward either revival or liquidation.