Business Update26 May 2026, 02:20 pm
Kallam Textiles: Outcome of 2nd CoC Meeting on May 25, 2026
AI Summary
The second meeting of the Committee of Creditors (CoC) for Kallam Textiles Limited, which is undergoing Corporate Insolvency Resolution Process (CIRP), was convened on May 25, 2026. The meeting discussed the minutes of the 1st CoC meeting, claims received by the IRP, the constitution of the CoC, publication of Form G for prospective resolution applicants, and a fresh invitation for expression of interest.
Key Highlights
- The 2nd CoC meeting for Kallam Textiles was held on May 25, 2026.
- Minutes of the 1st CoC meeting were discussed.
- The CoC took note of claims received by the IRP.
- Discussion on publication of Form G for resolution applicants occurred.
- A fresh invitation for expression of interest was addressed.
Price Impact
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