GB Global informs about committee of creditors meeting

27 Feb 2020 Evaluate

GB Global has informed that the Twenty Sixth Meeting of Committee of Creditors of the company was held on Tuesday, 25th February 2020 at 2.30 pm at Jaswant Thacker Room, 3rd floor, IMC Chamber of Commerce and Industry, IMC Building, IMC Marg, Churchgate, Mumbai 400020. At the aforesaid meeting, the Resolution Professional of the Company apprised the Committee of Creditors on the following: Update on Corporate Insolvency Resolution Process (CIRP) since 25th CoC meeting: Ratification of Minutes of 25th CoC, Other CIRP actions; Update on Process Advisory: Investor outreach, Expression of Interests already received and which are expected to be received; Update on operations and treasury matters of the company; Update on the Legal matters of the company; and discussion on Resolution Process: Request for Resolution Plan (RFRP) and Evaluation Matrix(EM), the Performance Bank Guarantee (PBG) and the Bid Bond Guarantee (BBG).

The above information is a part of company’s filings submitted to BSE.

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