StockWatch
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Specialty Chemicals
Legal29 Oct 2026, 02:14 pm

Unitech International CoC Meeting Approves CIRP Extension

AI Summary

Unitech International Limited's Committee of Creditors (CoC) held its 17th meeting on October 12, 2026. The CoC considered and approved two agenda items: ratification of CIRP expenses incurred by the Resolution Professional (RP) and a request for a 60-day extension of the Corporate Insolvency Resolution Process (CIRP) period. The approval for the CIRP extension signifies a continued effort to resolve the company's insolvency proceedings.

Key Highlights

  • CoC meeting held on October 12, 2026.
  • CIRP expenses ratified by the Committee of Creditors.
  • Resolution passed to extend CIRP by 60 days.
  • NCLT application for extension to be filed.