Radhagobind Commercial Limited Concludes 5th Committee of Creditors Meeting
Radhagobind Commercial Limited successfully completed its 5th Committee of Creditors meeting on March 21, 2026, under the Corporate Insolvency Resolution Process. The meeting, chaired by Resolution Professional Najeeb T P, approved critical decisions including acceptance of resolution plans received after the March 17, 2026 deadline, discussed CIRP costs and interim finance requirements, and maintained regulatory compliance under SEBI LODR Regulations.
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Radhagobind Commercial Limited has successfully concluded its 5th Committee of Creditors (COC) meeting on March 21, 2026, as part of ongoing Corporate Insolvency Resolution Process (CIRP) proceedings. The company, currently under insolvency resolution, continues to maintain regulatory compliance through timely disclosures to stock exchanges.
Meeting Outcome and Key Decisions
The 5th COC meeting was conducted with comprehensive discussions on critical aspects of the insolvency resolution process. The meeting addressed both procedural matters and substantive decisions regarding the company's resolution prospects.
| Meeting Parameter: | Details |
|---|---|
| Actual Meeting Date: | March 21, 2026 |
| Start Time: | 4:00 PM |
| End Time: | 5:48 PM |
| Duration: | 1 hour 48 minutes |
| Chairman: | Mr. Najeeb T P (Resolution Professional) |
| Venue: | Baithussalam, Balankinar, Kattampally Road Near Indus Motors Maruthi Service Centre, Kannur 670011 Kerala |
Agenda Items Discussed and Approved
The meeting successfully covered all planned agenda items with specific focus on resolution plan evaluation and CIRP progress assessment. Key discussions included procedural compliance and strategic decision-making for the resolution process.
The approved agenda items encompassed:
- Roll call of participants and quorum ascertainment
- Leave of absence considerations for committee members
- Comprehensive progress updates on Corporate Insolvency Resolution Process and actions taken by the Resolution Professional
- Critical Decision: Acceptance of resolution plans received after 5:00 PM until 12 midnight of March 17, 2026
- CIRP costs incurred to date and additional support service cost requirements for resolution plan evaluation
- Interim finance requirements from financial creditors
- Other matters related to Committee of Creditors functioning with chairman's permission
Resolution Professional Leadership
Adv. Najeeb T P continues to serve as the Resolution Professional for Radhagobind Commercial Limited under dual appointments from Hon'ble NCLT Kolkata Bench. His leadership has facilitated the systematic progression of the insolvency resolution process.
| Professional Details: | Information |
|---|---|
| Registration Number: | IBBI/IPA-002/IP-NO1014/2020-2021/13316 |
| Initial Appointment: | Interim Resolution Professional via Order No. CP (IB)/71/KB/2025 dated October 30, 2025 |
| Current Appointment: | Resolution Professional via Order No. IA (I.B.C)/90(KB)2026 dated January 27, 2026 |
| Appointing Authority: | Hon'ble NCLT, Kolkata Bench |
| Contact Email: | najetpip@gmail.com , radhagobindcirp2025@gmail.com |
Regulatory Compliance and Disclosure
The outcome disclosure has been made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring transparency in the insolvency resolution process. The company maintains its listing on BSE Limited and CSE Limited, requiring continued compliance with stock exchange regulations despite ongoing insolvency proceedings.
| Compliance Details: | Information |
|---|---|
| BSE Scrip Code: | 539673 |
| Company CIN: | L51909WB1981PLC033680 |
| Regulatory Framework: | SEBI (LODR) Regulations, 2015 and Insolvency and Bankruptcy Code, 2016 |
| Disclosure Reference: | 030070 |
What is the likelihood of successful resolution given that resolution plans are still being accepted after the initial deadline?
How might the extended CIRP timeline impact the company's asset valuation and creditor recovery rates?
Will the interim finance requirements from financial creditors signal potential haircuts or restructuring terms for stakeholders?
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