Kallam Textiles: First COC Meeting Outcome

The first meeting of the Committee of Creditors (CoC) for Kallam Textiles Limited, which is undergoing Corporate Insolvency Resolution Process (CIRP), was convened on May 2, 2026. Key discussion points included reviewing claims received by the IRP, the constitution of the CoC, CIRP timelines, model timelines for resolution plans, ratification of expenses, appointment of a Resolution Professional, and the appointment and costs of registered valuers. The meeting also covered the draft Expression of Interest (EoI) process document, future CoC meetings, and authorization for the RP to undertake debit transactions.