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Zicom Electronic Security Systems Ltd

BSE : 531404

NSE : ZICOM

Sector :Engineering

ISIN Code : INE871B01014

NSE

Not Listed

BSE

1.77
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12:00 AM,13th Dec 2021
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1.77

Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors

12:00 AM,13th Dec 2021

The e-voting of the Twenty-First Meeting of the CoC of the Corporate Debtor was concluded at 5.00 PM on August 18 2023. The following resolutions were put for e-voting however the same did not get requisite majority of the CoC:1. To approve the estimated liquidation cost of the Corporate Debtor for a period of 1 year amounting to Rs. 95.00 Lakh and the contribution plan of the said estimated net liquidation cost by the CoC members in terms of Regulation 39B of the CIRP Regulations subject to Corporate Debtor undergoing liquidation;2. In terms of Regulation 39C the CoC recommends that the assets or group of assets of the Corporate Debtor can be sold on a slump sale basis or individual basis rather than selling the Corporate Debtor as a going concern basis subject to corporate debtor undergoing liquidation;3. To fix the fees of the Liquidator of the Corporate Debtor in terms of Regulation 4(2) of the Liquidation Regulations subject to Corporate Debtor undergoing liquidation.