Compuage Infocom Limited: Committee of Creditors Approves Settlement Proposal and Property Broker Engagement
Compuage Infocom Limited's Committee of Creditors approved a settlement proposal of ₹6.33 crore with Global Networks. The COC also approved engaging a property broker for re-letting a residential flat. These decisions were finalized via e-voting on October 7, 2026.
The approval of a settlement proposal and the engagement of a property broker are significant developments in the CIRP, which could lead to the resolution of the company's financial distress. However, the ultimate impact depends on the successful execution of these plans.
The approval of a settlement proposal and the engagement of a property broker are positive steps in the resolution process, indicating progress towards resolving outstanding dues and managing assets.
Compuage Infocom Limited has announced decisions made during the 28th meeting of its Committee of Creditors (COC). The meeting, held on Tuesday, 22nd September 2026, concluded with e-voting on 07th October 2026.
Key resolutions approved by the COC include a settlement proposal from M/s. Global Networks. This proposal, pursuant to an order from the Hon’ble NCLT, Mumbai dated 03.09.2026, involves a payment of ₹6,33,01,648/- towards the outstanding amount, settling all dues in full and final.
Additionally, the COC approved the engagement of a Property Broker for the re-letting of Residential Flat No. A-502, Raheja Ridgewood. Compuage Infocom Limited is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, with Mr. Gajesh Labhchand Jain serving as the Resolution Professional.
What to do with a filing like this
Compuage Infocom Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Compuage Infocom Limited. Read the original for the full detail.