Unitech International Ltd — Important, 11-07-2026: Company Update

Unitech International's Committee of Creditors met on 22.05.2026, making several key decisions during its Corporate Insolvency Resolution Process. They approved the appointment of Rahul Jindal for due diligence and vetting resolution plans, while rejecting other proposed firms for similar roles. The CoC also approved the removal of the existing auditor but rejected the appointment of a new statutory auditor. Additionally, expenses incurred by the Resolution Professional were ratified. These actions are important steps impacting the pace and oversight of the company's future resolution plans.