Mercator has informed that the Sixth Meeting of Committee of Creditors (CoC) of Mercator (Corporate Debtor) was successfully convened on Friday, 30 July, 2021, wherein all the resolutions were put up for e-voting by the Committee of Creditors (CoC) of the Corporate Debtor. The aforementioned e-voting was concluded at 7:00 PM IST on Monday, 9 August, 2021, in accordance with Regulation 26 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations), wherein, all the resolutions including the extension of timeline for submission of Resolution Plan by the Prospective Resolution Applicant(s) and other operational matters in respect of the CIRP of the Corporate Debtor, has been approved by requisite majority of the CoC of the Corporate Debtor.
The above information is a part of company’s filings submitted to BSE.