Spectra Industries News

Spectra Industries Limited Approved for Liquidation Under Insolvency Code

The Committee of Creditors approved the liquidation of Spectra Industries Limited under section 33 of the Insolvency and Bankruptcy Code, 2016, during a meeting held on September 15, 2025. The meeting took place from 4:00 P.M. to 4:30 P.M. The company has been under corporate insolvency resolution process with a Resolution Professional appointed through NCLT Mumbai order dated June 16, 2023.

Spectra Industries Committee of Creditors Reviews Resolution Plans and Approves CIRP Extension

The Committee of Creditors for Spectra Industries Limited held a meeting on September 3, 2025, to address key matters related to the company's insolvency resolution process. The committee reviewed resolution plans submitted by resolution applicants and approved an extension of the Corporate Insolvency Resolution Process. Additionally, they approved the insolvency resolution process costs and legal costs for filing the extension application before the Adjudicating Authority. The meeting lasted 20 minutes, from 4:00 PM to 4:20 PM. The company has been under Corporate Insolvency Resolution Process since June 16, 2023, following an NCLT Mumbai order.

Spectra Industries' Committee of Creditors Approves Extension of Corporate Insolvency Resolution Process

The Committee of Creditors for Spectra Industries Limited approved a further extension of the Corporate Insolvency Resolution Process during a meeting held on July 4, 2025. The meeting lasted 10 minutes, commencing at 3:30 PM and concluding at 3:40 PM. No other matters were discussed during the session. The company has been under Corporate Insolvency Resolution Process following an NCLT Mumbai order dated June 16, 2023.

Spectra Industries Limited Schedules 20th Committee of Creditors Meeting for Insolvency Resolution Process

Spectra Industries Limited announced its 20th Committee of Creditors meeting scheduled for June 24, 2025, at 5:00 PM via video conference. The meeting agenda includes discussing the feasibility and evaluation of resolution plans, considering the sale of the corporate debtor as a going concern, ratifying due diligence and legal costs, approving resolution plans submitted by resolution applicants, and planning for liquidation costs. The committee will also consider appointing Kamal Kishor Gurnani as liquidator if the company proceeds to liquidation under section 33 of the Insolvency and Bankruptcy Code.

Spectra Industries Committee of Creditors Conducts Inter Se Bidding for Resolution Plans

The Committee of Creditors for Spectra Industries Limited held a meeting on June 11, 2025, to conduct inter se bidding for negotiation with Resolution Applicants on Resolution Plans as part of the ongoing Corporate Insolvency Resolution Process. The meeting lasted from 12:00 PM to 2:30 PM, with no other matters discussed. The company is under insolvency proceedings following an NCLT Mumbai order dated June 16, 2023.