That the 7th CoC meeting held on 24-03-2026 minutes duly circulated on 25-03-2026. The discussion was made on appointment of legal counsel; appointment of PSC firm; ratification of CIRP ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Unitech International Ltd, currently under Corporate Insolvency Resolution Process (CIRP), held its 7th Committee of Creditors (CoC) meeting on 24 March 2026 via video conferencing. The key resolution passed with 100% voting rights was the approval of the Request for Resolution Plan (RFRP) and Evaluation Matrix to invite Prospective Resolution Applicants (PRAs). However, five other agenda items — including appointment of legal counsel, appointment of PCS firm, ratification of RP expenses, approval of accountant fees, and statutory auditor fees — were all deferred to the next CoC meeting due to paucity of time. The Resolution Professional, Mr. Nitin Narang, signed the disclosure.
Approval of the RFRP is a constructive step forward in the insolvency process, as it opens the door for potential bidders to submit resolution plans. However, the repeated deferral of operational and compliance items may slow down the overall resolution timeline, keeping uncertainty around the stock elevated.