The Second CoC meeting was held on Tuesday, 07.04.2026 at 04:00 PM at SCO 818, NAC, Sector-13, Manimajra, Chandigarh - 160101. The minutes of the same was circulated on 09.04.2026
Awaiting price reaction for this filing.
The second CoC meeting for Telephone Cables Ltd was held on April 7, 2026, under the Corporate Insolvency Resolution Process (CIRP) admitted by NCLT Chandigarh Bench on February 19, 2026. The company has been non-operational since 2005 and was under Official Liquidator from 2015. Key agenda items included approval of Form G for inviting Resolution Plans, eligibility criteria for prospective resolution applicants, marketing strategy for assets (primarily industrial land at Mohali), and transaction audit scope. Additional claims received include BSE (Rs.51.52 lakh), NSDL (Rs.10.61 lakh), and B.L. & Sons Limited (Rs.60.17 lakh). An FDR of Rs.82.78 lakh was found deposited with Delhi High Court Registry from a 2013 order. The CoC approved the marketing strategy and authorized filing an application before Delhi High Court to claim the FDR proceeds.
The company remains under insolvency proceedings with the resolution process actively progressing. Shareholders should note that this is a distressed asset situation where the resolution plan outcome will determine value recovery for creditors, with current assets primarily consisting of land parcels at Mohali.