Unitech International Ltd.'s Committee of Creditors (CoC) recently held its 14th meeting as part of the Corporate Insolvency Resolution Process.

A significant outcome was the CoC's approval to seek a 60-day extension for the CIRP period.

This decision means the resolution process will continue longer, impacting the timeline for a resolution plan.

Additionally, a resolution concerning the ratification of CIRP expenses was deferred for consideration in a future CoC meeting, indicating ongoing deliberation on operational costs.

This extends the period of uncertainty for the company and its investors.