Spright Agro Limited, formerly Tine Agro Limited, has announced the outcomes of its second Committee of Creditors (CoC) meeting held on October 28, 2026. The committee approved significant expenses related to the Corporate Insolvency Resolution Process (CIRP). These include the appointment of registered valuers, a forensic auditor, and an accountant, along with the cost for publishing Form-G invitations for expressions of interest from resolution applicants.
Spright Agro Limited’s Committee of Creditors Meeting Outcomes
Spright Agro Limited (formerly Tine Agro Limited) has officially disclosed the key decisions made during the second meeting of its Committee of Creditors (CoC), which convened on October 28, 2026. This meeting was held following the company’s admission into the Corporate Insolvency Resolution Process (CIRP) by the National Company Law Tribunal on September 24, 2026.
Approved Expenses for Resolution Process
The CoC ratified and approved several crucial expenses deemed necessary for the ongoing insolvency resolution. These include:
- The appointment and reimbursement of registered valuers for asset valuation, which will be included in the overall Insolvency Resolution Process Costs.
- The appointment of a forensic auditor and the reimbursement of associated audit costs.
- The appointment of an accountant to manage the corporate debtor’s books of account, with costs also to be included in the CIRP expenses.
- The cost for publishing Form-G, an invitation for expressions of interest from potential resolution applicants, is also approved.
Key Dates for Resolution Applicants
The company has also provided important dates for prospective resolution applicants. The last date for submitting expressions of interest is set for November 13, 2026. Following this, a provisional list of applicants will be issued on November 23, 2026, with objections due by November 28, 2026. The final list of prospective resolution applicants will be issued on December 08, 2026, and the information memorandum will be available on December 13, 2026. The deadline for submitting resolution plans is January 08, 2027.
Source: BSE
