
Business Update5 Nov 2026, 06:22 pm
Simbhaoli Sugars: COC Meeting Extends Resolution Plan Deadline
AI Summary
Simbhaoli Sugars Limited has provided a post-facto intimation regarding its 5th Committee of Creditors (COC) meeting held on November 4, 2026. The meeting, conducted under the Insolvency and Bankruptcy Code, 2016, discussed general operational matters, extended the deadline for submission of Resolution Plans from November 5, 2026, to November 21, 2026, and provided an update on cane allocation appeals before the Allahabad High Court. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) since July 11, 2024, with Mr. Anurag Goel serving as the Interim Resolution Professional.
Key Highlights
- Committee of Creditors meeting held on November 4, 2026.
- Resolution plan submission deadline extended to November 21, 2026.
- Update provided on cane allocation appeals at Allahabad High Court.
- Company is under Corporate Insolvency Resolution Process (CIRP).
Price Impact
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