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Legal15 Apr 2026, 10:35 am

Radhagobind Commercial CoC discusses resolution plans, seeks 90-day CIRP extension

AI Summary

Radhagobind Commercial Ltd's 7th Committee of Creditors (CoC) meeting was held on April 14, 2026, chaired by Resolution Professional Mr. Najeeb T P. The meeting discussed the progress of the Corporate Insolvency Resolution Process (CIRP) and reviewed addendums to the original resolution plans, along with additional undertakings and affidavits. Key decisions included obtaining a legal opinion on all received resolution plans, including a review of bulk transactions, and seeking a 90-day extension for the ongoing CIRP. These matters are slated for voting subsequent to the meeting.

Key Highlights

  • 7th CoC meeting held on April 14, 2026, for Radhagobind Commercial.
  • Discussed progress on Corporate Insolvency Resolution Process (CIRP).
  • Reviewed addendums to resolution plans and related documents.
  • Decided to seek legal opinion on all resolution plans received.
  • Proposed a 90-day extension for the Corporate Insolvency Resolution Process.