With reference to the captioned subject, third meeting of Committee of Creditors ("CoC")was convened on 9th October, 2025, and thereater final minutes along with voting results were circulated ....
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Unitech International Ltd, currently under the Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai Bench order dated 26 June 2025, held the third meeting of its Committee of Creditors (CoC) on 9 October 2025, with final minutes circulated on 30 October 2025. All seven resolutions were approved with 100% approval and no abstentions. The most significant resolution authorises the Deemed Resolution Professional to issue and publish Form G, inviting Expression of Interest (EoI) from prospective resolution applicants — a key milestone in the insolvency resolution timeline. Other approved resolutions include ratification of CIRP costs, interim funding by creditors (to be repaid with priority to operational creditors), engagement of a legal professional for NCLT representation, continuation of the statutory auditor, and approval of revised office rent.
For shareholders, the company remains in active insolvency proceedings, meaning equity value is at significant risk depending on the resolution plan outcome. The move to invite EoIs is a constructive step forward but does not guarantee recovery — shareholders typically rank last in the waterfall and may face dilution or writedown. Expect continued price volatility tied to resolution process developments.