The Invitation of Expression of Interest for M/s Telephone Cables Limited was issued via FORM- G dated 19.04.2026 and Further a Corrigendum to Form G for Extension was issued on 04.05.2026
Awaiting price reaction for this filing.
Telephone Cables Ltd, a non-operational cable manufacturing company since 2005, is under Corporate Insolvency Resolution Process (CIRP) managed by IBBI. The Resolution Professional Ms. Sunita from Ducturus Resolution Professionals Pvt Ltd has invited Expression of Interest from potential buyers. The original timelines were issued on 19.04.2026 with EoI deadline of 04.05.2026, but a Corrigendum dated 04.05.2026 extended all dates by about 10-11 days. The company has nil employees, nil production capacity, and no sales since 2005. Assets include industrial property in Mohali and freehold land in Punjab. Potential resolution applicants must not be disqualified under Section 29A of the Insolvency Code.
This indicates the company is in advanced insolvency proceedings. Shareholders should note that existing equity will likely be wiped out as creditors' claims take priority during resolution. The extended timelines suggest either lack of initial interest or administrative delays in the process.