Disclosure in pursuance of regulation 30 of SEBI (LODR) Regulations, 2015 read with sub-clause 16(g) of clause A of part A of schedule 3, for the outcome of the 9th meeting of the Committee ....
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Unitech International Limited, currently under Corporate Insolvency Resolution Process (CIRP), held its 9th Committee of Creditors meeting on May 5, 2026. Multiple agenda items were deferred including the appointment of professional firms for due diligence under Section 29A, removal of existing auditor ADV and Associates, and appointment of a new statutory auditor. However, resolution plans from Prospective Resolution Applicants (PRAs) were opened and considered during the meeting, with separate time slots provided to each PRA. The company is being managed by Resolution Professional Mr. Nitin Narang.
The deferral of auditor appointments and due diligence appointments suggests delays in the resolution process. However, the opening of resolution plans indicates progress toward finding a resolution applicant, which is a positive step for creditors awaiting recovery.