Value Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Value Industries Limited has informed the exchanges about the upcoming 49th meeting of the consolidated Committee of Creditors (CoC) for itself and 12 other Videocon group companies. The meeting is scheduled for Wednesday, May 7, 2025, under the consolidated Corporate Insolvency Resolution Process (CIRP). The insolvency was admitted by the NCLT vide orders dated 5 September 2018, 8 August 2019, and 25 September 2019. Deloitte India Insolvency Professionals LLP is handling the process as Resolution Professional. This is a routine procedural intimation under SEBI Listing Regulations regarding an upcoming CoC meeting.
No new material development — this is a procedural notice about a creditor committee meeting, not a resolution approval or plan approval. Shareholders continue to wait for the outcome of the long-pending Videocon Group insolvency resolution, which remains uncertain after more than six years under CIRP.