Legal8 Oct 2026, 02:22 pm
Astron Paper & Board Mill: CoC rejects Resolution Professional appointments
AI Summary
Astron Paper & Board Mill Ltd announced the outcome of its 5th Committee of Creditors (CoC) meeting held on September 18, 2026. The e-voting concluded on October 7, 2026. Key resolutions presented for approval were rejected by the CoC. Specifically, the appointments of Mr. Navin Khandelwal and Mr. Arul Sheth as Resolution Professionals were not approved, as per Regulation 26 of the Insolvency & Bankruptcy Board of India (Insolvency Resolution for Corporate Persons) Regulations, 2016.
Key Highlights
- Fifth Committee of Creditors meeting outcome announced.
- E-voting for the meeting concluded on October 7, 2026.
- Appointments of two Resolution Professionals were rejected.
- Rejections were made as per IBBI Insolvency Resolution Regulations.
Price Impact
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