Value Industries Limited Announces 60th Committee of Creditors Meeting for April 17, 2026

2 min read     Updated on 15 Apr 2026, 09:01 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Value Industries Limited has announced its 60th Committee of Creditors meeting scheduled for April 17, 2026, as part of the consolidated corporate insolvency resolution process involving 13 Videocon group companies. The company has been under Corporate Insolvency Resolution Process since September 5, 2018, with Resolution Professional Abhijit Guhathakurta overseeing the proceedings in compliance with IBBI regulations.

powered bylight_fuzz_icon
37812701

*this image is generated using AI for illustrative purposes only.

Value Industries Limited has announced its 60th Committee of Creditors meeting as part of its ongoing corporate insolvency resolution process. The company, which has been under insolvency proceedings since 2018, continues to progress through the structured resolution framework alongside other Videocon group entities.

Meeting Details and Regulatory Compliance

The consolidated Committee of Creditors meeting is scheduled for Friday, April 17, 2026. This represents a significant milestone as the 60th meeting in the ongoing resolution process involving Value Industries Limited and 12 other Videocon group companies.

Parameter: Details
Meeting Date: April 17, 2026
Meeting Type: 60th Committee of Creditors Meeting
Process Type: Consolidated Corporate Insolvency Resolution
Companies Involved: 13 Videocon Group Companies
Regulatory Framework: IBBI Regulations 2016

The meeting will be conducted in accordance with Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The company has issued this pre-facto intimation to comply with SEBI Listing Regulations, specifically Regulation 30 requirements.

Corporate Insolvency Background

Value Industries Limited entered the Corporate Insolvency Resolution Process following an NCLT order dated September 5, 2018. The process was further governed by subsequent orders dated August 8, 2019, and September 25, 2019, which established the framework for the consolidated resolution of multiple Videocon group companies.

The resolution process is being managed by Abhijit Guhathakurta, who serves as the Resolution Professional for all 13 Videocon Group companies under the consolidated proceedings. Guhathakurta holds registration number IBBI/IPA-003/IP-N000103/2017-2018/11158 and operates under AFA No: AA3/11158/02/311226/301350, valid until December 31, 2026.

Administrative Framework

The resolution professional operates from two key locations to facilitate the insolvency process. The registered address is located in Mumbai's Deonar area, while correspondence is managed through Deloitte India Insolvency Professionals LLP at One International Centre.

Contact Details: Information
Primary Email: inrpvil@deloitte.com
Secondary Email: abhijitg@deloitte.com
Correspondence Address: Deloitte India, One International Centre, Tower 3
Location: Mumbai 400013

The company has requested stakeholders to direct all responses to the designated email address to ensure proper coordination of the resolution process. This systematic approach reflects the structured nature of the consolidated insolvency proceedings involving multiple group entities.

The announcement demonstrates Value Industries Limited's continued compliance with regulatory disclosure requirements while progressing through the corporate insolvency resolution framework established under Indian bankruptcy law.

What are the potential outcomes for creditors if the 60th meeting fails to reach a resolution agreement after 8 years of proceedings?

How might the approaching December 2026 expiration of the Resolution Professional's authorization impact the timeline for finalizing the Videocon group resolution?

What factors could influence potential bidders' interest in acquiring the consolidated Videocon group assets at this advanced stage of the insolvency process?

like20
dislike

Value Industries Limited Announces 59th Committee of Creditors Meeting for March 18, 2026

1 min read     Updated on 17 Mar 2026, 12:22 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Value Industries Limited has scheduled its 59th Committee of Creditors meeting for March 18, 2026, as part of the consolidated Corporate Insolvency Resolution Process involving 13 Videocon group companies. The company has been under NCLT-ordered insolvency proceedings since September 5, 2018, with Resolution Professional Abhijit Guhathakurta overseeing the process. The pre-facto intimation fulfills regulatory disclosure requirements under SEBI listing regulations.

powered bylight_fuzz_icon
35275958

*this image is generated using AI for illustrative purposes only.

Value Industries Limited has announced its 59th Committee of Creditors meeting scheduled for March 18, 2026, as part of its ongoing Corporate Insolvency Resolution Process. The company issued a pre-facto intimation to stock exchanges BSE and NSE regarding this significant development in its insolvency proceedings.

Meeting Details and Regulatory Compliance

The consolidated Committee of Creditors meeting will be held on Wednesday, March 18, 2026, involving Value Industries Limited and 12 other Videocon group companies undergoing a consolidated corporate insolvency resolution process. The meeting is being conducted in accordance with Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

Meeting Parameter: Details
Meeting Number: 59th (Fifty Ninth)
Date: March 18, 2026
Type: Consolidated Committee of Creditors
Companies Involved: Value Industries Limited + 12 Videocon group companies
Regulatory Framework: IBBI Regulations, 2016

Corporate Insolvency Resolution Process Background

Value Industries Limited has been operating under Corporate Insolvency Resolution Process following the NCLT order dated September 5, 2018. The process was further guided by subsequent orders dated August 8, 2019, and September 25, 2019. This extended timeline reflects the complex nature of the consolidated insolvency resolution involving multiple Videocon group entities.

Resolution Professional Details

The meeting will be overseen by Resolution Professional Abhijit Guhathakurta, who is managing the consolidated Corporate Insolvency Resolution Process for all 13 Videocon group companies. His professional credentials include:

  • Registration Number: IBBI/IPA-003/IP-N000103/2017-2018/11158
  • AFA Number: AA3/11158/02/311226/301350 (Valid till December 31, 2026)
  • Correspondence: Deloitte India Insolvency Professionals LLP

Regulatory Notification

The company has fulfilled its disclosure obligations under Regulation 30 (Schedule III, Part A, Clause A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This pre-facto intimation ensures transparency and keeps stakeholders informed about critical developments in the insolvency resolution process.

The notification was digitally signed and submitted on March 16, 2026, maintaining the required advance notice period for such proceedings. Stakeholders and creditors can direct their responses to the designated email address inrpvil@deloitte.com for coordination purposes.

like17
dislike