Telephone Cables CIRP 2026: ₹5,920.87 Cr Claims, CoC Dates

NCLT admission puts Telephone Cables into CIRP

Telephone Cables Limited has entered the Corporate Insolvency Resolution Process (CIRP) after the National Company Law Tribunal (NCLT), Chandigarh Bench, passed an admission order dated February 19, 2026. The admission shifts control from shareholders to a creditor-driven process overseen through the Committee of Creditors (CoC). The filings cited in the disclosures place verified financial claims against the company at ₹5,920.87 crore. The process is described as remaining effective until completion of resolution, approval of a resolution plan under Section 31, or a liquidation order under Section 33.

CIRP timeline and the 180-day closure estimate

The insolvency commencement date is stated as February 19, 2026. The CIRP period is stated to run for 180 days from this date, implying an estimated closure date of August 18, 2026. This estimated date reflects the 180-day calculation and not an outcome determination. The disclosures also underline that the process continues until a formal endpoint under the Code, such as plan approval or liquidation, is reached.

Process communication details: website and email

The process website has been listed as http://telephonecables.ibc2016.net/. The process email has been disclosed as [email protected]. These details are positioned as the public-facing communication channels for CIRP-related updates, invitations, and submissions.

Claims: ₹5,920.87 crore verified financial claims

The filings cite verified financial claims of ₹5,920.87 crore. Another disclosure presents the same figure in rupee terms as ₹59,208,710,586, and explicitly equates it to about ₹5,920.87 crore. This places the total verified claims at a level that is material relative to the company’s operating scale as per the annual financial table provided in the disclosures.

CoC constitution and creditor-list filing

The CoC was constituted on March 13, 2026, and the list of creditors was filed on March 14, 2026. A regulatory outline included in the disclosures notes that the Interim Resolution Professional (IRP) is required to file a report certifying CoC constitution within two days of verification of claims received. The IRP also requested CoC members to share details of their authorised representatives for participation in CoC meetings, including contact information to enable formal communications.

First CoC meeting: schedule vs inaugural meeting outcome

The first CoC meeting was scheduled for March 20, 2026. Separately, the disclosures describe an inaugural CoC meeting held on March 21, 2026, presented as an operational milestone in the CIRP. As described, the agenda and discussions included claims, asset status, valuation-related actions, appointments, and operational approvals such as electricity connection and site maintenance.

In the March 21 meeting summary, the IRP reported on asset management steps after visiting the company’s factory premises and land. The site visit observations included that assets were in poor condition and overgrown vegetation was making access difficult. The CoC secured approvals to appoint valuers, legal counsel, and a security firm to protect the company’s assets. The CoC also approved ₹0.05 crore for boundary wall repairs to secure the premises.

EoI window opens, with deadlines extended

Telephone Cables Limited has issued a Form G invitation for Expression of Interest (EoI), signalling a formal window for prospective resolution applicants. The original EoI submission deadline was May 4, 2026, and it has been extended to May 15, 2026. Alongside the EoI extension, the deadline for submitting resolution plans has also been revised. The original resolution plan deadline was July 3, 2026, and it has been extended to July 14, 2026.

CoC composition and voting shares disclosed

Disclosures state that the CoC comprises four financial creditors. One disclosure states that Omkara Assets Reconstruction Private Limited leads with 87.82% voting share, and names other members as Kotak Mahindra Bank, Punjab & Sind Bank, and Canara Bank. A creditor table excerpt in the disclosures also provides rupee-denominated verified amounts for some members.

Separately, the disclosures note that all financial creditors submitted their claims on 05.03.2026, and that the verification process was completed by 12th March 2026. The IRP again requested authorised representative details to support participation and correspondence during the CIRP.

Financial performance snapshot from the disclosed annual table

The disclosures include a multi-year financial table (2015 to 2026 and TTM) listing revenue, expenses, EBITDA, operating profit percentage, and EPS. The figures show revenue of 679 in 2015 and 194 in 2026, with 192 shown for TTM (units as presented in the disclosure table). EBITDA is shown at 61 in 2015, 13 in 2026, and 13 in TTM, while operating profit percentage is shown at 9% in 2015 and 6% for 2026 and TTM. EPS in ₹ is shown as 1.88 in 2015 and 0.01 in 2026, with 0.00 in TTM.

Key disclosed data at a glance

Market visibility and quoted price snapshot in the disclosure

A market-data snippet included in the provided text shows a price snapshot for “Telephone Cables” on Dec 27, 11:22, including 1.70 (up 1.80%) with Prev. Close 1.67 and Volume 66,440 under “BSE Live”. The same snippet also includes “NSE Live” with 5.85 (up 1.74%) and Volume 65. The text also states “Telephone Cables is not listed on BSE” and “Telephone Cables is not listed on NSE,” which readers should note as part of the disclosures as provided.

Why this CIRP matters: creditor control, asset protection, and timelines

The disclosed sequence shows Telephone Cables Limited moving from NCLT admission into creditor-led oversight with a constituted CoC and a defined meeting calendar. The scale of verified claims at ₹5,920.87 crore provides context for why the CoC’s early focus includes appointing valuers, legal counsel, and security, alongside immediate site-level actions such as boundary wall repairs. The extension of EoI and resolution plan deadlines is also a relevant process signal, since it formally adjusts the window for prospective applicants to submit interest and plans.

The disclosures also highlight compliance steps that influence process discipline, such as CoC constitution reporting and authorised representative details for committee participation. Separately, the operational issues described at the factory premises and land, including poor asset condition and access constraints due to vegetation, show why early operational approvals and protective measures appear on the agenda.

Conclusion

Telephone Cables Limited’s CIRP, admitted on February 19, 2026, has progressed into the CoC-led phase with verified financial claims disclosed at ₹5,920.87 crore and creditor governance established on March 13, 2026. The next key reference points in the disclosed schedule are the extended EoI deadline of May 15, 2026 and the extended resolution plan deadline of July 14, 2026, within the broader 180-day timeline that indicates August 18, 2026 as the estimated closure date.