
Loan & Debt21 Jul 2026, 06:00 pm
Simbhaoli Sugars: Committee of Creditors Meeting on July 23, 2026
AI Summary
Simbhaoli Sugars Limited has issued a prior intimation regarding the first meeting of its Committee of Creditors (CoC), scheduled for Thursday, July 23, 2026. This meeting is being held in accordance with the Insolvency and Bankruptcy Code, 2016, as the company is currently undergoing Corporate Insolvency Resolution Process (CIRP) initiated on July 11, 2024. The powers of the Board of Directors are suspended, and an Interim Resolution Professional (IRP), Mr. Anurag Goel, is managing the company's affairs. Notice and agenda for the CoC meeting were sent on July 18, 2026. The Hon'ble NCLAT vacated a stay on July 13, 2026, with the order available on the company's website.
Key Highlights
- First meeting of Committee of Creditors scheduled for July 23, 2026.
- Company is under Corporate Insolvency Resolution Process since July 11, 2024.
- Interim Resolution Professional managing company affairs.
- NCLAT vacated stay on July 13, 2026.
Price Impact
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