Compuage Infocom Limited — Others, 14-05-2025: Corporate Insolvency Resolution Process

Compuage Infocom Ltd has announced a board meeting where the Committee of Creditors approved a yearly employee salary increase and a rent revision for its Mumbai office. Payments related to delays in resolving complaints under the Negotiable Instruments Act were ratified. Terms for the 5th e-auction of inventory at the Bhiwandi warehouse were also approved. The company continues under Corporate Insolvency Resolution Process, with operations overseen by the Resolution Professional, highlighting active management of financial and operational issues amid restructuring.