Videocon Industries Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Videocon Industries Limited, which has been under Corporate Insolvency Resolution Process (CIRP) since NCLT's order dated 6th June 2018, has informed exchanges about the upcoming 61st meeting of the consolidated Committee of Creditors (CoC). The meeting covers Videocon Industries and 12 other group companies under a consolidated insolvency process. It is scheduled for Thursday, 21st May 2026. The intimation is filed under SEBI (LODR) Regulation 30 and the Insolvency and Bankruptcy Code, 2016. The filing is signed by Resolution Professional Abhijit Guhathakurt of Deloitte India Insolvency Professionals LLP. The company continues to remain under CIRP with multiple NCLT orders from 2018 and 2019.
This is a routine procedural intimation about an insolvency process meeting. The company has been under insolvency since 2018, indicating years of financial distress with no confirmed resolution plan approved yet. Shareholders should note that equity shareholders rank last in the waterfall of payments under IBC, making recovery highly unlikely.