Corporate Governance27 Apr 2026, 01:08 pm
Ushdev International Updates Stakeholder's Consultation Committee List
AI Summary
Ushdev International Ltd, through its liquidator, has released an updated list of members for its Stakeholder's Consultation Committee as of April 23, 2026. The committee includes major financial creditors such as State Bank of India (20.700%), Bank of Baroda (13.900%), and ICICI Bank Limited (9.363%). Operational creditors, including government departments like VAT and Income Tax, also form a significant part. The total admitted claims by the liquidator amount to ₹122,758,238,168. The liquidator has also considered and admitted claims for certain employees/workmen based on prior Corporate Insolvency Resolution Process (CIRP) records, even without formal submission.
Key Highlights
- Ushdev International updated its Stakeholder's Consultation Committee list as of April 23, 2026.
- Total admitted claims by the liquidator amount to ₹122.76 billion.
- State Bank of India holds the largest share among financial creditors at 20.700%.
- Operational creditors include VAT and Income Tax departments with significant claims.
- Liquidator admitted employee claims based on CIRP records, safeguarding interests.
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