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Business Update4 Nov 2026, 10:10 pm

Radhagobind Commercial Ltd: CoC Meeting Held on Nov 4, 2026

AI Summary

Radhagobind Commercial Limited held its twelfth Committee of Creditors (CoC) meeting on November 4, 2026. The meeting, chaired by Resolution Professional Mr. Najeeb T P, focused on the Corporate Insolvency Resolution Process (CIRP). Key decisions included ratifying minutes of the previous meeting, discussing and approving the progress of CIRP, considering and approving a Resolution Plan under Section 30(4) of the IBC, and finalizing the voting procedure. The CoC also approved the setting up of a Monitoring Committee, discussed and approved CIRP costs, interim finance, regulatory fees, and determined the incentive for the Resolution Professional. The meeting concluded with the approval of the Resolution Plan.

Key Highlights

  • CoC meeting held on November 4, 2026, chaired by Resolution Professional.
  • Progress of CIRP and actions taken by RP were discussed and approved.
  • Resolution Plan considered and approved under Section 30(4) of IBC.
  • Setting up of a Monitoring Committee was approved.
  • CIRP costs, interim finance, and RP incentive were discussed and approved.