Business Update25 Aug 2026, 06:02 pm
Telephone Cables Ltd CoC Holds 6th Meeting
AI Summary
Telephone Cables Limited convened its 6th Committee of Creditors (CoC) meeting on June 2, 2026. The meeting, held in Chandigarh with video conferencing facilities, reviewed the Resolution Professional's actions including claim status, Information Memorandum, valuation, and prospective resolution applicants. Key discussions involved interim finance for CIRP expenses and other ongoing developments. The CoC also considered resolutions for appointing a detective agency, transaction auditor, statutory auditor, legal counsel, VDR provider, ratifying security personnel deployment, and reimbursing CIRP expenses.
Key Highlights
- 6th Committee of Creditors meeting held on June 2, 2026.
- Reviewed Resolution Professional's actions and CIRP status.
- Discussed interim finance for ongoing expenses.
- Considered appointments for auditors, legal counsel, and detective agency.
Price Impact
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