Business Update7 Jul 2026, 08:31 pm
Compuage Infocom COC Meeting Outcomes: Settlements Approved
AI Summary
Compuage Infocom Limited held its 26th Committee of Creditors (COC) meeting on June 24, 2026, with e-voting concluding on July 7, 2026. The COC approved settlements proposed by debtors M/s Infiniti Power Private Limited, M/s Alphatech Systems, and M/s Educare Technologies. Additionally, the registration cost for a warehouse services agreement with M/s Ashwamedh Express Pvt Ltd and the annual listing fees for FY 2026-2027 paid to BSE and NSE were approved. However, a resolution to file an application before the NCLT for the distribution of funds lying in the CIRP and Indian Bank accounts did not receive the requisite voting approval.
Key Highlights
- COC approved settlements with three debtors: Infiniti Power, Alphatech Systems, Educare Technologies.
- Warehouse services agreement registration cost and annual listing fees were approved.
- Application for NCLT fund distribution from CIRP account was not approved.
- Compuage Infocom is under Corporate Insolvency Resolution Process (CIRP).
Price Impact
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