MEP Infrastructure Developers Holds 17th Creditors' Meeting Amid Ongoing Insolvency Process

MEP Infrastructure Developers Limited (MEP), a company currently undergoing Corporate Insolvency Resolution Process (CIRP), recently held its 17th Committee of Creditors meeting. The gathering, which took place on July 25, 2025, marks a significant milestone in the company's ongoing insolvency proceedings.

Insolvency Process Background

The company has been under the CIRP since March 28, 2024, following an order from the National Company Law Tribunal (NCLT). This process, initiated under the provisions of the Insolvency and Bankruptcy Code, 2016, has placed MEP Infrastructure Developers under the guidance of a Resolution Professional, Mr. Ravindra Kumar Goyal.

Key Details of the Meeting

Regulatory Compliance

In adherence to regulatory requirements, MEP Infrastructure Developers promptly informed both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) about this meeting. This disclosure aligns with the company's obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ongoing Moratorium

It's noteworthy that a moratorium under section 14 of the Insolvency and Bankruptcy Code has been in effect since the commencement of the CIRP on March 28, 2024. This moratorium typically provides the company with protection against certain legal proceedings and actions during the resolution process.

Resolution Professional

Mr. Ravindra Kumar Goyal, serving as the Resolution Professional for MEP Infrastructure Developers, oversees the insolvency process. His registration number with the Insolvency and Bankruptcy Board of India (IBBI) is IBBI/IPA-001/IP-P-02019/2020-2021/13098.

While the specific outcomes or discussions of the 17th Committee of Creditors meeting were not disclosed, such meetings are crucial in the CIRP. They typically involve discussions on the company's financial position, potential resolution plans, and decisions that could impact the future of the organization.

As MEP Infrastructure Developers continues to navigate through this insolvency process, stakeholders and market observers will be keenly watching for further developments and potential resolutions that may emerge from these ongoing creditors' meetings.