Radhagobind Commercial Limited plan wins a 100% creditor vote

Radhagobind Commercial Limited’s resolution plan won 100% of Committee of Creditors voting share after e-voting closed on 7 November 2026, completing the creditor-approval stage in its Corporate Insolvency Resolution Process (CIRP). The plan still requires filing by the resolution professional and approval from the National Company Law Tribunal, Kolkata.

What did Radhagobind Commercial’s creditors approve?

Radhagobind Commercial’s Committee of Creditors approved a resolution plan finalised under the Insolvency and Bankruptcy Code, 2016, and regulations made under that law. The approval relates to the CIRP initiated by the National Company Law Tribunal, Kolkata Bench, through its order dated 30 October 2025 in CP (IB) No. 71/KB/2025.

The Committee of Creditors considered the plan at its 12th meeting on 4 November 2026. The company’s 11 November 2026 disclosure says the plan was then put to an electronic vote, rather than reporting that the vote was completed during the meeting itself.

Radhagobind Commercial did not disclose the resolution applicant’s identity, the plan’s payment terms, or proposed treatment of creditors, shareholders, management or operations. The announced outcome is therefore limited to the plan’s finalisation and creditor approval under the CIRP process.

When did Radhagobind Commercial’s creditor vote take place?

Radhagobind Commercial’s creditor vote took place through e-voting between 6:00 p.m. on 6 November 2026 and 6:00 p.m. on 7 November 2026. The company reported the completed result four days later, in its 11 November 2026 intimation to BSE Limited and the Calcutta Stock Exchange Limited.

The sequence changed the plan’s status from consideration on 4 November 2026 to an approved plan after the electronic voting window closed on 7 November 2026. The filing describes the vote as an e-voting process and does not provide a separate voting record for the 4 November meeting.

The 30 October 2025 NCLT order began the CIRP, while the 4-7 November 2026 events cover the consideration and vote on the resolution plan. The 11 November 2026 filing does not provide dates for any earlier creditor meetings apart from identifying the 4 November meeting as the 12th meeting.

How much support did Radhagobind Commercial’s plan receive?

Radhagobind Commercial’s plan received 100% of the Committee of Creditors’ voting share in favour. The company said this exceeded the minimum threshold prescribed by Section 30(4) of the Insolvency and Bankruptcy Code, 2016.

The 100% outcome followed a 24-hour voting window from 6:00 p.m. on 6 November 2026 to 6:00 p.m. on 7 November 2026. This differs from the 4 November 2026 meeting, when the plan was considered, because the filing ties the completed approval result to the later electronic vote.

The filing does not state the number of financial creditors, their individual voting shares, admitted claims or the debt amount represented by the 100% vote. It also does not disclose any proposed distribution under the approved plan.

BSE Limited and the Calcutta Stock Exchange Limited are identified in the 11 November 2026 disclosure as operational creditors of Radhagobind Commercial. The exchanges were provided the minutes of the 12th Committee of Creditors meeting held on 4 November 2026, but the filing does not state whether either exchange held voting rights in the committee.

What must happen before Radhagobind Commercial’s plan takes effect?

Radhagobind Commercial’s resolution professional will file the Committee of Creditors-approved plan with NCLT Kolkata, together with an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016. The application will seek the tribunal’s approval under Section 31 of the Code.

The 100% creditor vote does not constitute NCLT approval. The filing expressly separates the 7 November 2026 voting result from the next procedural step of submitting the plan and Section 30(6) application to the tribunal.

Adv. Najeeb T P is named as Radhagobind Commercial’s resolution professional and issued the 11 November 2026 disclosure. The document says NCLT Kolkata appointed the resolution professional under its 30 October 2025 order in CP (IB) No. 71/KB/2025.

No Section 30(6) filing date, NCLT hearing date or expected decision date is included in the announcement. The disclosure also does not say that NCLT Kolkata had received the plan as of 11 November 2026.

What details of Radhagobind Commercial’s plan remain undisclosed?

Radhagobind Commercial has not disclosed the identity of the resolution applicant or financial terms of the plan approved on 7 November 2026. It has also not disclosed recoveries for financial creditors, treatment of operational creditors, or any proposed changes to ownership or business operations.

The 11 November 2026 notice was issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Its stated purpose was to notify the finalisation of the plan and its approval by the Committee of Creditors, not to provide a commercial summary of plan terms.

The company refers to earlier CIRP intimations but does not reproduce their contents in this announcement. As a result, the disclosed comparison is procedural: a plan under consideration at the 4 November 2026 meeting became a plan backed by 100% voting share after the 7 November 2026 e-voting close.

Conclusion

Radhagobind Commercial has passed a defined CIRP milestone because its Committee of Creditors approved the resolution plan with 100% voting share in favour after the 6-7 November 2026 electronic voting process. That outcome follows consideration at the committee’s 12th meeting on 4 November 2026 and is more advanced than a plan merely being considered.

What to watch next is the resolution professional’s Section 30(6) filing and NCLT Kolkata’s decision under Section 31. Radhagobind Commercial has not disclosed the filing date, hearing schedule, resolution applicant or plan terms, leaving those matters unresolved in the 11 November 2026 announcement.