This is to inform that M/s Baron Infotech Limited (Corporate Debtor) is undergoing the CIRP process in accordance with the Provision of IBC, 2016. In this regard the meeting of Committee ....
Awaiting price reaction for this filing.
Baron Infotech Limited is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016. A meeting of the Committee of Creditors (CoC) was held on 23 March 2026, chaired by the appointed Resolution Professional. During the meeting, resolution plans received from prospective applicants were opened and noted by the CoC members. The meeting concluded at 6:00 PM IST. The company had previously been admitted into insolvency proceedings, and this update reflects ongoing progress in the resolution process.
For shareholders, this is a significant negative signal — the company remains under insolvency with active resolution proceedings. Share equity may be substantially diluted or wiped out depending on the resolution plan approved by creditors. Investors should monitor for further updates on the resolution plan outcome.