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Legal7 Oct 2026, 06:20 pm

Compuage Infocom COC Approves Settlement Proposal

AI Summary

Compuage Infocom Limited's Committee of Creditors (COC) held its 28th meeting on September 22, 2026, with e-voting concluding on October 7, 2026. Key resolutions approved include the settlement proposal from M/s. Global Networks for ₹6,33,01,648/- towards outstanding dues in full and final settlement, as per the NCLT Mumbai order dated September 3, 2026. Additionally, the COC approved the engagement of a property broker for re-letting Residential Flat No. A-502, Raheja Ridgewood. The company is currently under Corporate Insolvency Resolution Process.

Key Highlights

  • COC approved Global Networks settlement proposal for ₹6,33,01,648.
  • Settlement aims for full and final payment of outstanding dues.
  • COC also approved engaging a property broker for flat re-letting.
  • Compuage Infocom is undergoing Corporate Insolvency Resolution Process.