CoC meeting outcomes during ongoing CIRP process
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Unitech International, currently under CIRP, held its 10th Committee of Creditors meeting on 22 May 2026 via video conferencing. Creditors rejected all three firms proposed for due diligence under section 29A and vetting of resolution plans under section 30(2). They approved removal of the existing auditor and ratified expenses incurred by the Resolution Professional. Appointment of a new statutory auditor was also rejected. The company remains in the insolvency resolution process.
Delays in the CIRP as key appointments for due diligence and statutory audit were rejected. Adds uncertainty around the resolution timeline.