Alps Industries Limited — Others, 28-06-2025: Corporate Insolvency Resolution Process

Alps Industries Limited has announced the outcome of its tenth Committee of Creditors (CoC) meeting. The CoC approved one resolution plan submitted by a prospective applicant and fixed the professional fees for the Resolution Professional until disposal of related applications by the NCLT. Expenses related to the corporate insolvency resolution process and CIRP costs for the further period were approved, along with a performance-linked incentive fee. Proposals regarding liquidation costs, compromise arrangements, and certain regulatory fees were not approved. The developments are key in determining the company’s financial restructuring and future operational status.