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Spectra Industries Limited's Committee of Creditors (CoC) has adopted an 'Inter se Bidding mechanism' for the Resolution Plans received from Resolution Applicants. This decision represents a significant advancement in the company's corporate insolvency resolution process. The adoption of this mechanism will facilitate the evaluation and selection of the best possible resolution plan, moving the company closer to resolving its financial challenges and determining its future operational structure. This development is crucial for all stakeholders monitoring the resolution of the company.