Company Update

Radhagobind Commercial's Committee of Creditors (CoC) held its 9th meeting to review the Corporate Insolvency Resolution Process (CIRP). Discussions focused on the progress of the CIRP, including an NCLT order regarding an extension.

Crucially, the CoC discussed the resolution plan after legal vetting and addressed the ongoing CIRP costs and interim finance provided by financial creditors.

This update highlights active steps being taken in the company's insolvency proceedings, moving towards a potential resolution and securing necessary funding, which is key for stakeholders.