Tricom Fruit Products, currently under the Corporate Insolvency Resolution Process, announced that its Committee of Creditors has approved a resolution plan submitted by Vivek Kumar Ratakonda. The plan is now pending before the NCLT Mumbai bench. The company reports no revenue and no remaining assets, as previous lenders have already liquidated its plant and equipment.
Tricom Fruit Products Resolution Plan Progresses
Net Loss for Q2 FY27 stood at Rs 0.0042 crore; zero revenue reported for the period.
Reader Takeaway: Creditors have approved a resolution plan for the insolvent entity, though company operations remain permanently discontinued.
What just happened
The Committee of Creditors (CoC) for Tricom Fruit Products Ltd met on November 4, 2026, to review financial results and status updates. The CoC has officially approved the resolution plan proposed by Mr. Vivek Kumar Ratakonda. This document has now been moved to the National Company Law Tribunal (NCLT), Mumbai Bench, for final adjudication and approval.
Why this matters
The company is operating as a "going concern" under the Insolvency and Bankruptcy Code (IBC) while undergoing CIRP. However, the business faces significant challenges: there is zero operational revenue, and all physical assets, including property, plant, and equipment, were previously sold by Edelweiss Asset Reconstruction Company. The company has not accrued interest on its loans from CDR lenders and unsecured creditors since April 2017.
Context metrics
For the quarter ended September 30, 2026, the company posted a net loss of Rs 0.0042 crore, compared to a loss of Rs 0.0011 crore in the same period last year. For the half-year ended September 30, 2026, the cumulative loss reached Rs 0.0076 crore. The earnings per share (EPS) remains at Rs 0.00 for these periods.
What to track next
Investors should monitor the NCLT Mumbai Bench proceedings to determine whether the court grants final approval for the resolution plan. As the company has no revenue and no assets, the outcome of the NCLT process is the primary determinant for the company's future corporate existence.