Baron Infotech CoC approves resolution plan, NCLT next

What the latest disclosure signals

Baron Infotech Ltd. has moved a step forward in its Corporate Insolvency Resolution Process (CIRP) after its Committee of Creditors (CoC) approved a Resolution Plan in a meeting held after an adjournment. The company said the CoC, during its 23rd adjourned meeting, approved all proposed resolutions, including the Resolution Plan. The update was filed with stock exchanges.

But the process is not complete yet. The company also indicated that implementation depends on approval from the National Company Law Tribunal (NCLT). For investors tracking insolvency outcomes, the shift from meetings and deliberations to a creditor-approved plan is a material procedural milestone, even though final legal clearance remains pending.

23rd CoC meeting: the initial schedule and agenda

Baron Infotech had scheduled its 23rd CoC meeting for Thursday, April 23, 2026 at 4:00 PM IST. The stated items included due diligence reports under Section 29A and discussion on whether the CoC would consider and approve a resolution plan based on those findings.

The company’s communication framed the meeting as a decision point tied to eligibility and diligence checks for resolution applicants and related persons. In insolvency processes, Section 29A diligence is a key filter used before creditors decide on a plan.

Adjournment to April 25 and the approval outcome

The CoC met on April 23, 2026 and then adjourned the meeting to April 25, 2026. The next session was scheduled for 6:00 PM IST. The purpose of the adjourned meeting was described as further discussion and potentially approving a resolution plan.

On April 25, 2026, Baron Infotech announced a “significant step towards revival” after the CoC, in its 23rd adjourned meeting, approved all proposed resolutions, most importantly the Resolution Plan. The company also clarified that the approval does not conclude the process because the plan still requires NCLT approval before it can be implemented.

What remains: NCLT approval before implementation

Baron Infotech’s disclosure made it clear that creditor approval is not the final step. The Resolution Plan must still receive the nod from the NCLT. Until the tribunal approves the plan, the company cannot implement it.

This sequencing matters in practice. A CoC-approved plan reflects creditor consent within the CIRP framework, while the NCLT’s role is to review and approve the plan under the applicable legal process. The company’s update did not provide a date for the tribunal’s decision.

Earlier CoC meetings: how the process has progressed

Baron Infotech has held multiple CoC meetings through 2026, indicating a continuing CIRP timeline with repeated review cycles and plan discussions.

The company said its 22nd CoC meeting was held on Saturday, April 11, 2026. In that meeting, the CoC reviewed and deliberated on clarifications and Resolution Plans submitted by resolution applicants, in relation to observations made by the Resolution Professional on four Resolution Plans submitted by the applicants.

Separately, Baron Infotech scheduled its seventeenth CoC meeting for Monday, February 2, 2026 at 4:00 PM. The agenda items listed included an updated Information Memorandum, a Bid Evaluation Matrix, and a Request for Resolution Plan. These elements are typically used to structure evaluation and comparison of plans during CIRP.

Regulatory framing and a February CoC meeting disclosure

Baron Infotech also issued a disclosure stating that its 19th CoC meeting was convened and held on 27th February 2026 at 11:30 IST through virtual mode. The company said the intimation was made pursuant to Regulation 30 read with Clause 16(g) of Part-A of Schedule III of the SEBI (LODR) Regulations, 2015.

According to the same disclosure, the meeting was conducted in line with the Insolvency and Bankruptcy Code, 2016 and applicable regulations. The company added that the meeting concluded at approximately 12:27 PM IST and that the items discussed and decisions taken were attached with the filing.

Key dates and events at a glance

Snapshot of CoC meeting references mentioned by the company

Other exchange references present in the record

The material also includes references to board meeting announcements dated 13 Feb 2026 and 20 Feb 2026, listing purposes such as quarterly results, change in other executives, and change in registered address. The excerpts do not provide further detail on outcomes for those items.

The record also contains an older headline-style entry: “Post Facto Intimation Of 12Th (Twelfth) Meeting Of Committee Of Creditors (‘COC’) Under Regulation 30 Of The SEBI,” dated Apr 02, 2025, 12:52 AM IST, without additional detail in the provided text.

Company address and contact shared in filings

Baron Infotech stated that it operates from Flat No 504, 5th Floor, Micasa Flora, Survey No. 131 to 141, Durga Enclave. It also listed a phone number (+91) (40) 6360062 and email info@baroninfotech.com for corporate communication.

Why this matters to investors following insolvency timelines

The CoC’s approval of a Resolution Plan is a critical procedural development because it indicates creditors have taken a decision based on diligence and deliberations recorded across multiple meetings. At the same time, the company’s own disclosure underlines the remaining uncertainty: the plan still needs NCLT approval before it can be implemented.

For market participants, the next meaningful update is likely to be linked to the tribunal process, since the company has already stated that the CoC step is complete but not final.

Conclusion

Baron Infotech’s insolvency process reached an important stage after the CoC approved the Resolution Plan in the 23rd adjourned meeting disclosed on April 25, 2026. The company has also clarified the key pending step: NCLT approval is still required before the plan can take effect. Investors will likely track subsequent exchange filings for any updates on the tribunal timeline and related actions.