NewsMarshall Machines Limited: 8th Committee of Creditors Meeting Held on 29 April 2026 Covers CIRP Costs and Resolution PlansMarshall Machines Limited: 8th Committee of Creditors Meeting Held on 29 April 2026 Covers CIRP Costs and Resolution Plans
Marshall Machines Limited's Resolution Professional, Mavent Restructuring Services LLP, disclosed the proceedings of the 8th Committee of Creditors meeting held on 29 April 2026, which continued on 01 May 2026. Key discussions included estimated CIRP costs, the status of the resolution process and the swiss challenge process held on 16 April 2026, liquidation cost requirements under Regulation 39B of CIRP Regulations 2016, an update from Uno Minda Limited, and deliberation on resolution plans submitted by the Resolution Applicant. The disclosure was filed with the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Mavent Restructuring Services LLP, acting as the Resolution Professional in the matter of Marshall Machines Limited, has made a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing the National Stock Exchange of India Limited about the 8th meeting of the Committee of Creditors. The meeting was held on 29 April 2026 at 10:30 AM and was further continued on 01 May 2026 at the request of the CoC members.
Key Agenda Items Discussed
The 8th CoC meeting covered a range of significant matters pertaining to the Corporate Insolvency Resolution Process of Marshall Machines Limited. The following agenda items were primarily discussed during the proceedings:
- Estimated CIRP costs incurred during the CIRP process in the matter of Marshall Machines Limited
- Status update on the resolution process, including resolution plans and the swiss challenge process held on 16 April 2026
- Amount required to meet liquidation cost in terms of Regulation 39B of CIRP Regulations, 2016
- Update regarding the email received from Uno Minda Limited
- Deliberation and approval of the agenda for resolution plans submitted by the Resolution Applicant
Meeting Details at a Glance
The table below summarises the key details of the 8th CoC meeting as disclosed:
| Parameter: | Details |
|---|---|
| Meeting Number: | 8th Committee of Creditors Meeting |
| Initial Meeting Date: | 29 April 2026 |
| Meeting Time: | 10:30 AM |
| Continued Meeting Date: | 01 May 2026 |
| Resolution Professional: | Mavent Restructuring Services LLP |
| IBBI Registration No.: | IBBI/IPA-0154/IPA-3/2023-2024/50058 |
| AFA Valid Until: | 31 December 2026 |
| Disclosure Date: | 05 May 2026 |
| Regulatory Reference: | Regulation 30, SEBI LODR Regulations, 2015 |
Disclosure and Regulatory Compliance
The disclosure was made pursuant to Regulation 30 of the Listing Regulations, read with Para A - Part A of Schedule III of the Listing Regulations. The communication was addressed to the National Stock Exchange of India Limited and was signed by Sandeep Kumar Chitkara of Mavent Restructuring Services LLP on 05 May 2026. The Resolution Professional's registered address is S Block, 376, Panchsheel Park, New Delhi - 110017.
What are the likely outcomes of the Swiss challenge process held on 16 April 2026, and how might competing resolution applicants impact the final resolution plan for Marshall Machines Limited?
What is the nature of Uno Minda Limited's involvement in the CIRP of Marshall Machines Limited, and could it potentially emerge as a strategic acquirer or resolution applicant?
If the Committee of Creditors rejects the submitted resolution plans, what are the implications for Marshall Machines Limited's transition to liquidation under the IBC framework?
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