Business Update18 Jun 2026, 06:00 pm
Unitech International Ltd: CoC Meeting Held on June 18, 2026
AI Summary
Unitech International Limited's Committee of Creditors (CoC) held its 11th meeting on June 18, 2026. The meeting focused on extending the Corporate Insolvency Resolution Process (CIRP) by 60 days, with a resolution approved by the CoC. Additionally, the appointment of an agency for vetting resolution plans and conducting due diligence under Section 29A of the IBC was discussed. The sole financial creditor, Bank of Maharashtra, assured prompt approval for the agency appointment to expedite the CIRP.
Key Highlights
- 11th Committee of Creditors meeting conducted on June 18, 2026.
- Resolution to extend CIRP by 60 days was approved by the CoC.
- Appointment of agency for vetting resolution plans discussed.
- Bank of Maharashtra to provide timely approval for agency appointment.
Price Impact
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