Legal11 Sept 2026, 07:00 pm
Zicom Electronic Security Systems Ltd: CoC Approves RP Fees & Legal Appointments
AI Summary
Zicom Electronic Security Systems Ltd announced the outcome of its 47th Committee of Creditors (CoC) meeting held on August 20, 2026. The e-voting concluded on September 11, 2026. Key resolutions approved include the fees for the Resolution Professional from June 2026 onwards, appointment of legal counsel for NCLT and NCLAT appearances, appointment of a CA for tax filings and condonation of delay applications, and appointment of legal associates for due diligence on the resolution plan. The CoC also approved CIRP costs incurred from April 20, 2026, to August 18, 2026.
Key Highlights
- CoC approved Resolution Professional fees from June 2026.
- Legal counsel appointed for NCLT and NCLAT proceedings.
- CA appointed for tax filings and delay condonation applications.
- Due diligence on resolution plan approved.
- CIRP costs from April to August 2026 approved.
Price Impact
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