Legal11 Nov 2026, 11:10 pm
Radhagobind Commercial Ltd: CoC Approves Resolution Plan
AI Summary
Radhagobind Commercial Limited announced that its Committee of Creditors (CoC) has approved the resolution plan for the company with a unanimous 100% voting share. This approval is a significant step in the Corporate Insolvency Resolution Process (CIRP) initiated by the National Company Law Tribunal (NCLT), Kolkata. The resolution plan, finalized in accordance with the Insolvency and Bankruptcy Code, 2016, will now be filed with the NCLT for its final approval. The CoC meeting where the plan was approved was held on November 4, 2026, with e-voting concluding on November 7, 2026. Operational creditors BSE Limited and The Calcutta Stock Exchange Limited have been informed of the proceedings.
Key Highlights
- Resolution plan approved by Committee of Creditors (CoC).
- Approval received with 100% voting share in favor.
- Plan to be filed with NCLT for final approval.
- CIRP initiated by NCLT Kolkata is progressing.
- Operational creditors informed of the development.
Price Impact
More from RCL