News Stocks Baron Infotech Limited Conducts 19th Committee of Creditors Meeting Under Corporate Insolvency Resolution ProcessBaron Infotech Limited Conducts 19th Committee of Creditors Meeting Under Corporate Insolvency Resolution Process
Baron Infotech Limited held its 19th Committee of Creditors meeting on February 27, 2026, under its ongoing Corporate Insolvency Resolution Process. The virtual meeting addressed key agenda items including approval of RTA fees, bid evaluation clarifications for resolution applicants, and process advisory notes for bid submission and challenge mechanisms. Several items were deferred, including Company Secretary remuneration and ROC compliance budget under the Companies Compliance Facilitation Scheme, 2026, while interim finance proposals will be reviewed based on financial creditor assessments.
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Baron Infotech Limited, operating under the Corporate Insolvency Resolution Process (CIRP), successfully conducted its 19th Committee of Creditors (CoC) meeting on February 27, 2026. The virtual meeting commenced at 11:30 AM IST and concluded at approximately 12:37 PM IST, with Resolution Professional CS Dr. Ahalada Rao Vummenthala presiding over the proceedings.
Meeting Agenda and Key Decisions
The committee addressed multiple critical agenda items during the session, with decisions spanning operational, financial, and procedural matters:
| Item No. | Agenda Item | Decision Taken |
|---|---|---|
| 4 | Minutes of 18th CoC Meeting and Action Taken Report | Taken on record |
| 6 | Payment of fees to Venture Capital and Corporate Investments Private Limited (RTA), NSDL & CDSL Fees | Approved for RTA fees |
| 7 | Clarifications to queries raised by Eligible Resolution Applicant(s) on Bid Evaluation | Draft clarifications placed before approved |
| 8 | Process Advisory Note/Guidance Note on submission of bids pursuant to Evaluation Matrix | Draft Process Advisory Note/Guidance note approved |
| 9 | Process Advisory Note/Guidance Note on Challenge Mechanism methodology | Draft Process Advisory Note/Guidance note on challenge mechanism approved |
| 10 | Approval for payment of fees for Certification, Secretarial and Support services | Approved as part of CIRP Costs |
Deferred and Conditional Decisions
Several agenda items received conditional or deferred treatment based on specific circumstances:
| Item No. | Agenda Item | Status |
|---|---|---|
| 11 | Proposal to raise interim finance required for the Corporate Debtor | Will be reviewed after assessing internal financial position of Financial Creditor |
| 12 | Fixation of remuneration for appointment of Company Secretary (Compliance Officer) | Deferred |
| 13 | Budget for filing pending ROC compliances under Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) | Will be reviewed after commencement of the scheme |
Resolution Process Updates
The meeting focused significantly on streamlining the bid evaluation process for potential resolution applicants. The committee approved draft clarifications for eligible resolution applicants regarding bid evaluation procedures, along with comprehensive process advisory notes covering bid submission protocols and challenge mechanism methodologies.
Regulatory Compliance
The intimation was filed with BSE Limited under Regulation 30 read with Clause 16(g) of Part A of Schedule III of the SEBI (LODR) Regulations, 2015. The meeting was conducted in full compliance with the Insolvency and Bankruptcy Code, 2016, and applicable regulations framed thereunder.
Company Background
Baron Infotech Limited (CIN: L72200TG1996PLC025855) is headquartered in Secunderabad, Telangana, and is currently operating under CIRP with CS Dr. Ahalada Rao Vummenthala serving as the Resolution Professional. The company's resolution process continues to progress with systematic evaluation of potential resolution plans and maintenance of regulatory compliance throughout the proceedings.
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