Telephone Cables Ltd

Telephone Cables Limited has entered Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated 19.02.2026. The company, which has been non-operational since 2005 and involved in manufacturing and supplying PJIF cables, is seeking expressions of interest (EOI) from resolution applicants. The last date for submitting EOI is 04.05.2026, with the final list of prospective applicants to be issued by 29.05.2026. Resolution plans are due by 03.07.2026. The company's registered office is in Chandigarh, with its majority fixed assets located in Mohali.

Telephone Cables Limited held its 9th Committee of Creditors (CoC) meeting on July 27, 2026. The meeting, convened by the Resolution Professional, addressed key insolvency resolution matters. Agenda items included reviewing minutes of the previous meeting, results of e-voting, and deliberating on requests from Prospective Resolution Applicants for extensions on submitting Resolution Plans. The CoC also considered approving an extension for the due date of Resolution Plan submissions.

The fourth meeting of the Committee of Creditors (CoC) for Telephone Cables Limited was held on May 2, 2026, at 2:00 PM in Chandigarh. Notice of the meeting was sent electronically on April 30, 2026, to secured financial creditors and Directors (Power Suspended). The meeting was conducted in hybrid mode, with both physical and video/audio participation. Key agenda points included roll call, confirmation of quorum, and discussion of regulatory provisions for circulating meeting minutes and electronic voting.

The third Committee of Creditors (CoC) meeting for Telephone Cables Limited was held on April 16, 2026, at 05:30 PM in Chandigarh. The meeting was conducted in hybrid mode, with both physical and video/audio participation. Key discussion points included the notice and agenda for the meeting, quorum confirmation, and compliance with IBBI regulations regarding the circulation of minutes and electronic voting. Directors with suspended powers were absent. The Resolution Professional confirmed the presence of all attendees and the absence of any outsiders.

The fourth meeting of the Committee of Creditors (CoC) for Telephone Cables Limited was held on May 2, 2026, at Chandigarh. The meeting addressed various agenda items, including taking note of the minutes and e-voting results of the third CoC meeting, apprising the committee of the status of applications filed by the Resolution Professional (RP), discussing the infusion of funds for CIRP expenses, and considering the extension of the due date for submission of Expression of Interest. The notice for the meeting was issued on April 30, 2026, by Ducturus Resolution Professionals Pvt Ltd, the appointed RP.

The second Committee of Creditors (CoC) meeting for Telephone Cables Limited was held on April 7, 2026, at Chandigarh. The meeting addressed various agenda items, including taking note of the minutes of the first meeting, actions taken by the Resolution Professional, additional claims received, and the status of applications filed before the Adjudicating Authority. Discussions also covered the requirement of a transaction audit, relevant clauses of the lease deed, and the strategy for marketing the company's assets. The CoC also approved the publication of Form G, eligibility criteria for resolution applicants, the evaluation matrix, and the appointment of a consultant for liaison with the EPFO department.

The second Committee of Creditors (CoC) meeting for Telephone Cables Ltd was held on April 7, 2026, at 4:00 PM in Chandigarh. The meeting was conducted in a hybrid mode, allowing both physical and virtual participation. Key discussion points included the circulation of meeting minutes and e-voting procedures. The Resolution Professional confirmed the presence of a quorum and adherence to regulatory provisions regarding the circulation of minutes and voting.

The third meeting of the Committee of Creditors (CoC) for Telephone Cables Limited was held on April 16, 2026, in Chandigarh. Key agenda items included taking note of the minutes and e-voting results of the second CoC meeting, apprising the committee of the status of applications filed by the Resolution Professional (RP), and discussing/approving the eligibility criteria for prospective resolution applicants, the evaluation matrix, and the Request for Resolution Plan (RFRP). The insolvency commencement date was February 19, 2026, with an estimated closure date of August 18, 2026.

The first Committee of Creditors (CoC) meeting for Telephone Cables Limited was conducted on March 20, 2026, in Chandigarh. The meeting addressed various agenda items, including the appointment of an Interim Resolution Professional, review of creditor claims, constitution of the CoC, status of assets, and actions taken by the IRP. Approvals were sought for matters such as electricity connection, tree clearance, building repairs, and appointment of legal counsel and security agency.

The first Committee of Creditors (CoC) meeting for Telephone Cables Ltd was held on March 20, 2026, at 3:30 PM in Chandigarh. Notice of the meeting was sent electronically on March 14, 2026, to secured financial creditors and Directors (Power Suspended). The meeting was conducted in hybrid mode, and the minutes were circulated on March 22, 2026. The Interim Resolution Professional (IRP) confirmed the presence of a quorum and adherence to regulatory provisions.