MEP Infrastructure Developers Ltd. Update on Insolvency Process

MEP Infrastructure Developers Ltd. has provided an update following its 22nd Committee of Creditors (CoC) meeting, which took place on April 9, 2026. The company has been undergoing the Corporate Insolvency Resolution Process (CIRP) since March 28, 2024, after being admitted by the National Company Law Tribunal (NCLT) Mumbai.

The CIRP began following a claimed default of ₹127.86 crore by Bank of India. A moratorium, as stipulated by Section 14 of the Insolvency and Bankruptcy Code (IBC), 2016, has been in place since the company's admission into the process.

The Committee of Creditors plays a vital role in the CIRP by overseeing the resolution process and deciding on the company's future. Regular meetings ensure creditors are kept informed and involved, which is a mandatory part of the insolvency framework.

MEP Infrastructure Developers has also faced regulatory scrutiny in the past. This includes penalties from the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for delayed filings, as well as show-cause notices from the Securities and Exchange Board of India (SEBI) for non-compliance with disclosure requirements. These past governance challenges could potentially influence the current resolution plan.

Under the CIRP, shareholders' interests are represented through the process, with the CoC making key decisions. The primary objective is to develop a resolution plan that addresses the company's debts. Any ongoing operations continue under the supervision of the appointed Resolution Professional and the CoC.

The main risk remains the inherent uncertainty surrounding the outcome of the Corporate Insolvency Resolution Process itself.

MEP Infrastructure Developers operates in the road infrastructure and construction sector. Its peers in this segment include major listed companies such as Larsen & Toubro Ltd., IRB Infrastructure Developers Ltd., Ashoka Buildcon Ltd., and Reliance Infrastructure Ltd., which typically manage large-scale EPC and toll road projects without the complexities of insolvency proceedings.

Investors will be monitoring future updates from the NCLT regarding the resolution plan and decisions made by the Committee of Creditors.