Legal5 Oct 2026, 07:31 pm
Opto Circuits: New Resolution Professional Appointed by NCLT
AI Summary
Opto Circuits (India) Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP) since November 16, 2022, has announced a change in its Resolution Professional (RP). The Committee of Creditors (CoC), holding 78.62% voting share, resolved to replace the previous RP, Mr. Pankaj Srivastava. The Hon'ble National Company Law Tribunal (NCLT), Bengaluru Bench, approved this change on August 31, 2026, appointing M/s. Waterfall Insolvency Professional Private Limited, represented by Ms. Shirley Mathew, as the new Resolution Professional. This intimation is in compliance with SEBI Listing Regulations.
Key Highlights
- NCLT approved the replacement of Opto Circuits' Resolution Professional.
- M/s. Waterfall Insolvency Professional Private Limited is the new appointee.
- Ms. Shirley Mathew will represent the new Resolution Professional.
- The Committee of Creditors initiated the replacement with 78.62% voting share.
- This change is part of the ongoing Corporate Insolvency Resolution Process.
Price Impact
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