Business Update23 Feb 2026, 12:22 pm
AGS Transact Technologies Ltd. Extends CIRP Period by 90 Days
AI Summary
In the 7th and adjourned 7th meeting of the Committee of Creditors (CoC) held on 12th and 16th February 2026 respectively, a significant decision was made through an E-Voting process. The CoC members approved the resolution for an extension of the Corporate Insolvency Resolution Process (CIRP) period by 90 days. This decision is in accordance with the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2015.
Key Highlights
- AGS Transact Technologies Ltd. extends CIRP period by 90 days
- Decision made in the 7th and adjourned 7th meeting of the Committee of Creditors
- Approval given through E-Voting process
- In line with the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2015