
Corporate Governance11 Jul 2026, 05:50 pm
Unitech International CoC Rejects Auditor Appointment, Approves Expenses
AI Summary
Unitech International Limited's Committee of Creditors (CoC) held its 10th meeting on May 22, 2026. Key agenda items included the appointment of professional firms for due diligence and vetting of resolution plans, removal of the existing auditor, appointment of a statutory auditor, and ratification of expenses. The resolution to appoint professional firms was rejected. The resolution to remove the existing auditor and to ratify expenses incurred by the RP were approved. The resolution concerning the appointment of a statutory auditor was rejected.
Key Highlights
- CoC rejected appointment of professional firms for due diligence.
- CoC approved removal of existing auditor.
- CoC rejected appointment of statutory auditor.
- CoC approved ratification of RP expenses.
- Meeting conducted via Video Conferencing on May 22, 2026.
Price Impact
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