The Third CoC meeting in the matter of M/s Telephone Cables Limited was held on 16.04.2026 at 05:30 PM at SCO 818, NAC, Sector-13, Chandigarh - 160101
Awaiting price reaction for this filing.
Telephone Cables Ltd is undergoing Corporate Insolvency Resolution Process (CIRP) under IBC 2016, with insolvency commencement date 19-02-2026 and estimated closure by 18-08-2026. The 3rd CoC meeting is scheduled for 16th April 2026 to discuss and approve eligibility criteria for prospective resolution applicants and the Evaluation Matrix/Request for Resolution Plan (RFRP). The previous eligibility criteria resolutions were rejected by 91.46% voting share. The Committee of Creditors is dominated by Omkara Assets Reconstruction Pvt Ltd (87.82%), followed by Kotak Mahindra Bank (6.22%), Punjab & Sind Bank (3.64%), and Canara Bank (2.32%).
The company remains in insolvency proceedings with no resolution plan yet approved. Shareholders should note that the company is not generating normal business returns and stock is likely suspended or illiquid during CIRP. The outcome depends on approval of eligibility criteria and eventual resolution plan by creditors.