VXL Instruments Limited has informed the Exchange about the Thirteenth (13th) meeting of Committee of Creditors to be held on Tuesday, June 03, 2025
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VXL Instruments Ltd has informed the stock exchange that the 13th meeting of its Committee of Creditors (CoC) will be held on Tuesday, June 03, 2025. A Committee of Creditors is formed only when a company is going through the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), which means the company is already in insolvency proceedings. The fact that this is the 13th such meeting suggests the resolution process has been ongoing for an extended period, with creditors discussing and voting on the revival or recovery plan.
For shareholders, this is a negative signal — the stock is likely under trading restrictions as per IBC norms, and equity holders usually receive little to nothing in resolution outcomes. Any resolution plan could either delist the company or restructure it heavily, with high risk of value erosion for existing investors.