Telephone Cables Ltd

Telephone Cables Limited is currently undergoing the Corporate Insolvency Resolution Process (CIRP) following an order from the National Company Law Tribunal (NCLT), Chandigarh Bench, dated February 19, 2026. The Resolution Professional has initiated the process to invite prospective resolution applicants to submit plans for the company's revival. Expressions of Interest (EOIs) have been invited through Form G, in line with the Insolvency and Bankruptcy Code, 2016, aiming to facilitate resolution, maximize asset value, and protect stakeholder interests.

Telephone Cables Limited convened its 6th Committee of Creditors (CoC) meeting on June 2, 2026. The meeting, held in Chandigarh with video conferencing facilities, reviewed the Resolution Professional's actions including claim status, Information Memorandum, valuation, and prospective resolution applicants. Key discussions involved interim finance for CIRP expenses and other ongoing developments. The CoC also considered resolutions for appointing a detective agency, transaction auditor, statutory auditor, legal counsel, VDR provider, ratifying security personnel deployment, and reimbursing CIRP expenses.

Telephone Cables Limited's Resolution Professional convened the 5th Committee of Creditors (CoC) meeting on May 19, 2026. The meeting agenda included reviewing minutes of the previous meeting, e-voting results, and deliberating on requests from Prospective Resolution Applicants for extensions on submitting Resolution Plans. Approval for extending the due date for Resolution Plans was considered, in line with IBBI regulations. The meeting also allowed for discussions on other matters with the Chair's permission.

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.