Unitech International Ltd. Committee of Creditors Approves Resolution Plan Request
Unitech International Ltd. announced that the 7th meeting of its Committee of Creditors (CoC) was held on Tuesday, March 24, 2026, via video conference. The CoC deliberated on several agenda items related to the ongoing Corporate Insolvency Resolution Process (CIRP).A key outcome of the meeting was the approval of the Request for Resolution Plan (RFRP) and Evaluation Matrix for the corporate debtor, which passed with 100 percent of voting rights.
Several other agenda items, including the appointment of legal counsel, a Public Custodian Services (PCS) firm, ratification of expenses incurred by the Resolution Professional, and approval of the fees for the accountant and statutory auditor were deferred to the next CoC meeting due to time constraints.
Resolution Professional Nitin Narang, IBBI Registration Number IBBI/IPA-002/IP-N00828/2019-2020/12629, with AFA valid until June 30, 2026, provided the update.
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