Other31 Oct 2026, 02:00 pm
AGS Transact CoC Approves Valuer Fees, Extends CIRP
AI Summary
AGS Transact Technologies Ltd announced key decisions from the 18th Committee of Creditors (CoC) meeting held on September 25, 2026. The CoC ratified the cost of insurance and approved the fees for valuers issuing an addendum report. A tie-breaker formula for resolution plans receiving equal votes was also established. Additionally, the Committee approved an extension of the Corporate Insolvency Resolution Process (CIRP) period by 60 days. These decisions are significant for the ongoing resolution process.
Key Highlights
- Insurance costs ratified by Committee of Creditors.
- Valuer fees for addendum report have been approved.
- Tie-breaker formula for resolution plans established.
- CIRP period extended by 60 days.
Price Impact
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