Unitech International Limited has disclosed the outcomes of its 4th Committee of Creditors (CoC) meeting, revealing significant approvals for professional appointments and operational expenses under the Corporate Insolvency Resolution Process (CIRP). The meeting, held on December 15, 2025, addressed multiple agenda items through e-voting, with results received on January 12, 2026.

Professional Appointments Approved

The Committee of Creditors approved the appointment of registered valuers across three categories to determine the fair and liquidation value of the corporate debtor. The approved appointments include:

Additionally, the CoC approved the appointment of Arvind Mittal, Partner at BPSH & Associates, as Transaction Auditor for ₹2,50,000.00 excluding GST to determine the status of transactions under Chapter-III of IBC, 2016.

Service Provider Appointments

The committee approved several service providers for ongoing CIRP operations:

For security services at the Silvassa unit, Big Cat Security Service Agency was approved with fees of ₹18,500.00 per guard per shift per month and ₹35,000.00 per month for security supervisors.

Resolution Professional Remuneration

The CoC ratified the monthly remuneration of Mr. Nitin Narang, the Resolution Professional, at ₹2,00,000.00 per month plus applicable GST, along with reimbursement of actual expenses. The committee also approved and ratified CIRP expenses incurred by the Resolution Professional amounting to ₹28,120.00.

Regulatory Compliance

All approved professional fees and expenses will constitute insolvency resolution process costs as per Regulation 34 of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Resolution Professional has been authorized to execute all necessary acts and documentation related to these appointments and approvals.

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in the ongoing insolvency resolution process.

Unitech International Limited , a company currently undergoing insolvency proceedings, has seen a significant change in its resolution process. The National Company Law Tribunal (NCLT) Mumbai Bench-III has appointed Mr. Nitin Narang as the new Resolution Professional, replacing the previous Interim Resolution Professional.

Key Developments

• New Appointment: Mr. Nitin Narang has been appointed as the Resolution Professional for Unitech International Limited.
• Legal Basis: The appointment was made under Section 22(3)(b) of the Insolvency and Bankruptcy Code.
• Case Details: The insolvency case was initially filed by 4g Plastics Inc. against Unitech International Limited under Section 9 of the Insolvency and Bankruptcy Code.
• Decision Making: The change was based on the recommendation of the Committee of Creditors (CoC).

Official Confirmation

The company has disclosed this information to the BSE Limited, adhering to Regulation 30 of the SEBI (Listing Obligation & Disclosure Requirements) Regulation, 2015. The disclosure, dated November 20, 2025, provides the following details about the new Resolution Professional:

NCLT Order

The NCLT order, dated November 11, 2025, confirms the appointment of Mr. Nitin Narang as the Resolution Professional. The order was passed by the bench comprising Shri Anil Raj Chellan (Member Technical) and Shri Ashish Kalia (Member Judicial).

This change in the Resolution Professional marks a significant step in the ongoing Corporate Insolvency Resolution Process of Unitech International Limited. Stakeholders and investors should closely monitor further developments in this case as it progresses through the insolvency process.