Ankit Metal & Power Creditors Approve Resolution Plan with 89.79% Majority Vote
Ankit Metal & Power Limited's Committee of Creditors approved a resolution plan with 89.79% majority vote during the 34th CoC meeting held on January 06, 2026. The e-voting process concluded on January 20, 2026, with one of two presented resolution plans receiving the requisite majority support. The company is currently undergoing Corporate Insolvency Resolution Process under Resolution Professional Sanjeev Kumar Jalan, and this approval represents a significant step toward completing the insolvency resolution proceedings.
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Ankit Metal & Power Limited has achieved a significant milestone in its insolvency resolution process, with creditors approving a resolution plan by an overwhelming majority. The development marks a crucial step forward for the company currently undergoing Corporate Insolvency Resolution Process (CIRP).
Committee of Creditors Meeting Details
The 34th Meeting of the Committee of Creditors was successfully convened on January 06, 2026. The meeting was conducted under the supervision of Resolution Professional Sanjeev Kumar Jalan, who is overseeing the company's insolvency proceedings.
| Meeting Details: | Information |
|---|---|
| Meeting Number: | 34th Committee of Creditors Meeting |
| Meeting Date: | January 06, 2026 |
| E-voting Conclusion: | January 20, 2026 |
| Resolution Professional: | Sanjeev Kumar Jalan |
| Approval Percentage: | 89.79% |
Resolution Plan Approval
The e-voting process for the meeting concluded on January 20, 2026, in accordance with Regulation 26 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Two resolution plans were presented to the Committee of Creditors for consideration.
The approved resolution plan received support from 89.79% of the creditors, well above the requisite majority required under the CIRP regulations. This substantial majority indicates strong creditor confidence in the selected resolution plan's viability and potential for the company's revival.
Regulatory Compliance
The company has fulfilled its disclosure obligations under Regulation 30(2) read with sub-clause 16(g) of Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015. The intimation was formally communicated to both BSE Limited and National Stock Exchange of India Limited on January 21, 2026.
Resolution Professional Details
Sanjeev Kumar Jalan, serving as the Resolution Professional, holds the following credentials:
- AFA Number: AA1/13053/02/300626/108338 (Valid till June 30, 2026)
- IBBI Registration: IBBI/IPA-001/IP-P-01901/2020-2021/13053
- Professional Entity: BDO Restructuring Advisory LLP
The Resolution Professional is responsible for managing the company's affairs during the CIRP and facilitating the resolution process in accordance with the Insolvency and Bankruptcy Code.
Next Steps
With the Committee of Creditors approving the resolution plan by the requisite majority, the company moves closer to completing its insolvency resolution process. The approved plan will now proceed through the remaining regulatory and legal requirements as mandated under the CIRP framework.
