Legal9 Jul 2026, 01:06 pm
Unitech International CoC Rejects 3 Resolutions, Approves 1
AI Summary
Unitech International Limited's Committee of Creditors (CoC) met on April 22, 2026, to discuss several resolutions. The CoC rejected proposals for the appointment of legal counsel for CIRP proceedings, the appointment of a PCS firm for statutory compliances, and the fees of the accountant. However, the CoC approved the expenses incurred by the Resolution Professional (RP) as per regulation 34 of IBBI (CIRP) Regulation, 2016. This disclosure is made in compliance with SEBI regulations.
Key Highlights
- CoC rejected appointment of legal counsel for CIRP.
- CoC rejected appointment of PCS firm for compliances.
- CoC approved RP's expenses incurred under regulation 34.
- CoC rejected accountant's fees.
- Meeting conducted via Video Conferencing on 22.04.2026.
Price Impact
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