C & C Constructions Limited — Important, 02-01-2025: Updates

The 32nd Stakeholder Consultation Committee (SCC) meeting for C&C Constructions Limited was convened by the Liquidator to discuss the ongoing liquidation process. Key agenda items included the distribution of the remaining sale consideration, related undertakings, and issuance of a sale certificate. The committee also approved the continuation of support services by Minerva Resolutions LLP during the handover period, along with the appointment of legal advocates Mr. Pulkit Deora and Mr. Vivek Sibal for legal support moving forward. All resolutions received strong backing, with 92.64% of votes in favor, indicating a cohesive support for the planned actions that aim to streamline the liquidation process and facilitate the transition for stakeholders. Stakeholders should view these developments as crucial steps in achieving a structured liquidation outcome, promoting a positive outlook for asset recovery.