Board Meeting16 Apr 2025, 08:02 pm
First Monitoring Committee Meeting After Resolution Plan Approval for Manjeera Constructions Ltd
AI Summary
The National Company Law Tribunal (NCLT) has approved the Resolution Plan for Manjeera Constructions Ltd (Corporate Debtor). A Monitoring Committee has been constituted to implement the plan, comprising of the Resolution Professional, two nominees of the Resolution Applicant, and two nominees of secured assenting Financial creditors. The first meeting of the Monitoring Committee is scheduled to be held on Wednesday, April 16, 2025, via OAVM / VC Mode.
Key Highlights
- NCLT approves Resolution Plan for Manjeera Constructions Ltd
- Monitoring Committee constituted for plan implementation
- Committee comprises Resolution Professional, Resolution Applicant nominees, and secured Financial creditors nominees
- First Monitoring Committee meeting scheduled for April 16, 2025
Price Impact
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