Compuage Infocom's Creditors Approve Key Resolutions Amid Ongoing Insolvency Process
Compuage Infocom Limited, under Corporate Insolvency Resolution Process (CIRP), concluded its 21st Committee of Creditors meeting on November 6, 2025. The CoC approved several resolutions including insurance renewals, debt settlements, and appointment of auditors. They also approved extensions for the Annual General Meeting and CIRP. However, proposals for e-auction of rejected inventory and acquisition of Singapore branch inventory were not approved. The company continues to operate under CIRP, managed by Resolution Professional Mr. Gajesh Labhchand Jain.
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Compuage Infocom Limited , currently under Corporate Insolvency Resolution Process (CIRP), has concluded its 21st Committee of Creditors (CoC) meeting with several important decisions made through e-voting on November 6, 2025. The meeting, which addressed various operational and financial matters, saw the approval of multiple resolutions aimed at managing the company's assets and obligations.
Key Resolutions Approved
The Committee of Creditors approved several significant resolutions:
| Resolution | Status |
|---|---|
| Renewal of fire insurance policies for office premises | Approved |
| Comprehensive maintenance contract for air conditioners | Approved |
| Debt settlement with G.P. Tronics Private Limited | Approved |
| Debt settlement with FlipIT Technologies Private Limited | Approved |
| Appointment of R.I. Jain Co. Chartered Accountants for scrutiny assessment (AY 2024-25) | Approved |
| Extension for holding Annual General Meeting (FY 2024-25) | Approved |
| Extension/exclusion of CIRP under Section 12 | Approved |
| Ratification of lawyer appointment for High Court proceedings | Approved |
Rejected and Deferred Items
Not all proposed resolutions met with approval:
- The terms and conditions for the 7th e-auction of rejected inventory at Bhiwandi warehouse were not approved through e-voting, despite receiving 58.40% approval by show of hands during the meeting.
- A proposal for the acquisition of inventory at the Singapore branch was rejected.
- The discussion on terms and conditions for the sale of inventory at the Singapore warehouse was deferred.
Corporate Insolvency Resolution Process
Compuage Infocom Limited continues to operate under the Corporate Insolvency Resolution Process as per the Insolvency and Bankruptcy Code 2016. The company's affairs, business, and assets are being managed by the Resolution Professional, Mr. Gajesh Labhchand Jain, who was appointed under the provisions of the Code.
The approved resolutions indicate ongoing efforts to manage the company's assets, settle debts, and maintain necessary business operations while navigating the insolvency process. The extension of the CIRP and the AGM timeline suggests that the resolution process is still in progress, with the company and its creditors working towards a potential resolution or restructuring plan.
As Compuage Infocom Limited moves forward under the guidance of the Resolution Professional, stakeholders will be watching closely for further developments in the company's insolvency proceedings and potential paths to recovery.
Historical Stock Returns for Compuage Infocom
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.56% | -8.21% | -7.25% | +9.82% | -35.84% | -87.78% |
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