Business Update16 Sept 2026, 05:20 pm
Simbhaoli Sugars: Post Facto Intimation of 3rd COC Meeting
AI Summary
Simbhaoli Sugars Limited has provided a post-facto intimation regarding the 3rd Committee of Creditors (CoC) meeting held on September 10, 2026. The meeting, conducted under the Insolvency and Bankruptcy Code, 2016, discussed general operational matters and the number of Expressions of Interest received. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) since July 11, 2024, with Mr. Anurag Goel appointed as the Interim Resolution Professional (IRP). The powers of the Board of Directors remain suspended during this process.
Key Highlights
- Post-facto intimation of the 3rd Committee of Creditors meeting.
- Meeting discussed operational matters and Expressions of Interest.
- Company is under Corporate Insolvency Resolution Process (CIRP).
- IRP managing company's assets and operations.
- Board of Directors' powers are suspended during CIRP.
Price Impact
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