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Marshall Machines 5th CoC Meeting: Resolution Plan De-sealed and Transaction Audit Discussed
Marshall Machines Limited is currently undergoing the Corporate Insolvency Resolution Process (CIRP), with the 5th Committee of Creditors (CoC) meeting held on February 26, 2026. A significant development is the de-sealing of a Resolution Plan submitted by a prospective applicant, indicating progress toward a potential turnaround. The CoC also discussed the Transaction Audit Report and the methodology for asset valuation. E-voting on several items, including the non-disclosure of fair value and ratification of costs, is scheduled to conclude on March 5, 2026.
Key Highlights
5th CoC meeting held on February 26, 2026, to progress the insolvency resolution process.
De-sealing of a Resolution Plan submitted by a Prospective Resolution Applicant (PRA) was a key agenda item.
Discussion held on the Transaction Audit Report and the methodology for valuing the Corporate Debtor's assets.
E-voting for agenda items, including CIRP cost ratification, runs from February 28 to March 5, 2026.
Proposal to approve non-disclosure of fair value in the Information Memorandum as per new IBBI regulations.
💼 Action for Investors
Investors should remain extremely cautious as the company is in insolvency, which typically results in significant equity dilution or total loss. Monitor the outcome of the resolution plan evaluation to see if the company can successfully emerge from CIRP.
Marshall Machines Updates on CIRP; CoC Approves 90-Day Extension for Insolvency Process
Marshall Machines Limited is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. Recent Committee of Creditors (CoC) meetings have finalized the issuance of Form G to invite potential resolution applicants and established an evaluation matrix for bids. Crucially, the CoC has approved a 90-day extension for the completion of the CIRP to allow more time for the submission and vetting of resolution plans. The company has also replaced its Interim Resolution Professional with Mavent Restructuring Services LLP to lead the process.
Key Highlights
CoC approved the replacement of the IRP with Mavent Restructuring Service LLP as the Resolution Professional.
Issuance of Form G for Expression of Interest (EOI) to identify prospective resolution applicants has been initiated.
Approved filing an application for a 90-day extension to the statutory timeline for completing the CIRP.
Request for Resolution Plan (RFRP) and Evaluation Matrix for assessing potential bids have been finalized.
Ratified various administrative costs including fees for valuers, forensic auditors, and legal counsel.
💼 Action for Investors
Investors should remain highly cautious as equity shareholders typically face significant dilution or total loss of value during insolvency proceedings. Monitor the NCLT's approval of the extension and the quality of resolution plans submitted by prospective applicants.
Marshall Machines Appoints New Resolution Professional; Invites EOIs for Insolvency Process
Marshall Machines Limited is currently undergoing a Corporate Insolvency Resolution Process (CIRP) initiated by Uno Minda Limited. The NCLT Chandigarh Bench has replaced the Interim Resolution Professional with Mavent Restructuring Services LLP to manage the process. The company has officially invited Expressions of Interest (EOI) from potential resolution applicants, with a submission deadline of December 6, 2025. The final resolution plans are expected by February 4, 2026, for the company which recorded ₹34.49 crore in revenue during FY23.
Key Highlights
NCLT replaces IRP Mr. Kanti Mohan Rustagi with Mavent Restructuring Services LLP as Resolution Professional
Last date for submission of Expression of Interest (EOI) is set for December 6, 2025
Resolution plan submission deadline is fixed for February 4, 2026
Company reported FY23 revenue of ₹34.49 crore and has a capacity of 150 Compact CNC Lathes
Eligibility for resolution applicants includes a minimum net worth of ₹1 crore and EMD of ₹5 lakhs
💼 Action for Investors
Existing shareholders face a high risk of total capital loss as insolvency proceedings often prioritize creditors and result in significant equity dilution or delisting. Investors should avoid fresh positions until a clear resolution plan is approved by the NCLT.