Unitech International Ltd Committee of Creditors Conducts 8th Meeting, Ratifies RP Expenses
The Committee of Creditors (CoC) of Unitech International Limited concluded its 8th meeting concerning the Corporate Insolvency Resolution Process (CIRP). The deliberation session was conducted on Wednesday, April 22, 2026, through Video Conferencing.During the meeting, the Committee reviewed and deliberated upon various resolutions proposed by the Resolution Professional (RP). The outcomes of the voting results for the agenda items were recorded as follows:
| S.no | Agenda Item | Action Taken |
|---|---|---|
| 1 | To consider and discuss the appointment of legal counsel for CIRP proceedings. | The resolution was put to vote and was rejected by the Committee of Creditors. |
| 2 | To discuss and approve the appointment of the PCS firm for statutory and secretarial compliances during CIRP. | The resolution was put to vote and was rejected by the Committee of Creditors. |
| 3 | To ratify and approve the expenses incurred by the RP as per regulation 34 of IBBI (CIRP) REGULATION, 2016. | The resolution was put to vote and was approved by the Committee of Creditors. |
| 4 | To ratify and approve the fees of the accountant. | The resolution was put to vote and was rejected by the Committee of Creditors. |
The meeting resulted in the approval of expenses incurred by the Resolution Professional (RP). However, the committee also voted down the proposals regarding the appointment of legal counsel for CIRP proceedings, as well as the appointment of a PCS firm for statutory and secretarial compliances during CIRP. Furthermore, the ratification of the accountant's fees was rejected by the Committee of Creditors.
Stock Price Movement
As of 12:36, Unitech International Ltd shares are edging higher at ₹3.43, reacting with a robust gain of 4.57%. The stock traded within an intraday range, moving between a low of ₹3.13 and a high of ₹3.44.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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