The Fourth CoC meeting in the matter of Telephone Cables Limited was held on 02.05.2026 at 02:00 PM at SCO 818, Sector-13, NAC, Manimajra, Chandigarh - 160101. The Minutes of the same was ....
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Telephone Cables Limited, under Corporate Insolvency Resolution Process (CIRP) since insolvency was admitted, held its 4th CoC meeting on 02.05.2026. The Resolution Professional Ms. Sunita chaired the meeting with 100% quorum from secured creditors including Omkara Assets Reconstruction, Kotak Mahindra Bank, Punjab & Sind Bank, and Canara Bank. Key discussion points included: CIRP costs exceeding ₹37 lakhs with no company funds available as the firm has been non-operational for decades; Omkara Assets contributed ₹4,00,000 towards initial CIRP expenses; discussion on raising interim finance was deferred to next meeting. The CoC approved extending the Expression of Interest (EOI) deadline by 11 days to 15 May 2026 to encourage wider participation - one EOI was received from Mohit Minerals Limited with approximately 85 PRAs showing initial interest.
The insolvency resolution process is progressing with the EOI timeline extended to attract more resolution applicants. The company being non-operational for decades and lacking funds suggests challenges in finding a viable resolution plan. The 180th day of CIRP deadline falls on 17 August 2026.