Business Update27 Jul 2026, 05:30 pm
Impex Ferro Tech: Resolution Plan Approved by Creditors Committee
AI Summary
Impex Ferro Tech Limited's Committee of Creditors (CoC) has approved a resolution plan submitted by M/s Ankoor Distilleries Private Limited. The approval came during the 29th CoC meeting. The e-voting process, which commenced on July 8, 2026, and concluded on July 24, 2026, saw unanimous approval (100%) for the resolution plan and related authorisations for the Resolution Professional. Liquidation proceedings were not approved. This marks a significant step in the Corporate Insolvency Resolution Process (CIRP) for the company.
Key Highlights
- Resolution plan by Ankoor Distilleries Private Limited approved.
- Committee of Creditors voted 100% in favour of the plan.
- Resolution Professional authorized to proceed with the approved plan.
- Liquidation proceedings were rejected by the CoC.
- This is a key development in the CIRP for Impex Ferro Tech.
Price Impact
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