Compuage Infocom's Creditors Committee Approves Key Resolutions, Rejects Office Shift
Compuage Infocom's Committee of Creditors approved key resolutions including legal representation appointments and several debtor settlements. The proposal to shift the registered office was rejected. M/s R.I Jain & Co. was appointed for CIT Appeal, and a settlement with M/s Alco Infotech P. Ltd. was approved.
The decisions made by the Committee of Creditors are significant as they relate to legal representation, debt settlements, and the company's registered office, all within the context of an ongoing Corporate Insolvency Resolution Process. These decisions have a material impact on the company's path forward.
The announcement details the outcomes of a Committee of Creditors meeting, including approvals and rejections of various proposals. While some settlements were approved, the rejection of shifting the registered office and the ongoing insolvency process indicate a neutral overall sentiment.
Compuage Infocom Limited has announced the decisions made during the 24th meeting of its Committee of Creditors (COC), held on March 25, 2026. The e-voting for these resolutions concluded on April 10, 2026.
The Committee of Creditors approved the appointment of Adv Sunil D’souza for representation before the Hon’ble High Court, Bombay and Sessions Court of Greater Bombay. Similarly, the appointment of M/s Anchorstone Legal for representation before the same courts was also approved.
Several settlement proposals from debtors received approval from the COC members. These include settlements proposed by M/s Conventus Technologies Pvt. Ltd., M/s Nigama Computech Services (P) Ltd., M/s APS Tech Systems Pvt. Ltd., M/s Triangular Automation Pvt. Ltd., and M/s Smart Power Solutions. However, the settlement proposed by M/s Global Networks was deferred.
The proposal to shift the company's registered office within local city limits and the associated filing of e-Form INC-22 was rejected by the e-voting.
Additionally, the Committee approved the quotation of M/s R.I Jain & Co., Chartered Accountants, for handling the CIT Appeal for AY 2024-25, including the associated costs. The settlement proposed by M/s Alco Infotech P. Ltd. was also approved.
Compuage Infocom Limited is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Its affairs are being managed by the Resolution Professional, Mr. Gajesh Labhchand Jain, appointed by the Hon’ble NCLT.
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.