Business Update25 Aug 2026, 09:00 pm
Compuage Infocom COC Meeting Approves Key Resolutions
AI Summary
Compuage Infocom Limited's Committee of Creditors (COC) held its 27th meeting on August 12, 2026. Key resolutions approved include the renewal of a leave and license agreement for residential flats, settlement proposed by Appnet Technologies LLP, publication of notice for the Annual General Meeting for FY 2025-26, and renewal of insurance for goods in the Bhiwandi Warehouse. However, the application to the NCLT for the distribution of funds lying in the CIRP and Indian Bank accounts was rejected.
Key Highlights
- COC approved renewal of leave and license agreement for residential flats.
- Settlement proposed by Appnet Technologies LLP was approved.
- AGM notice publication for FY 2025-26 approved.
- Renewal of insurance for warehouse goods approved.
- Application for fund distribution to NCLT was rejected.
Price Impact
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