Compuage Infocom, currently under the Corporate Insolvency Resolution Process, has received Committee of Creditors approval for a Rs 6.33 crore settlement with Global Networks. Additionally, the CoC has authorized the appointment of a property broker to manage the re-letting of a residential asset at Raheja Ridgewood.
Compuage Infocom CoC Approves Rs 6.33 Crore Settlement and Asset Re-letting
Settlement Amount: Rs 6.33 crore (Rs 633.02 lakh).
Asset Action: Appointment of property broker for Raheja Ridgewood Flat A-502.
Reader Takeaway: CoC clears resolution for Global Networks debt while optimizing asset income under current insolvency proceedings.
What just happened
The Committee of Creditors (CoC) for Compuage Infocom Limited concluded its latest voting cycle on October 7, 2026. The committee formally approved a settlement proposal from M/s. Global Networks to resolve outstanding dues amounting to Rs 6.33 crore. This move follows a prior directive from the NCLT Mumbai bench issued on September 3, 2026.
Asset Management
Beyond the debt settlement, the CoC has sanctioned the engagement of a professional property broker. The primary mandate for this broker is to manage the re-letting of Residential Flat No. A-502 at Raheja Ridgewood, ensuring that the company's real estate assets remain income-generating during the ongoing resolution process.
Corporate Insolvency Context
Compuage Infocom is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. All operational, financial, and administrative affairs of the company are currently under the management of the appointed Resolution Professional, Mr. Gajesh Labhchand Jain, who is overseeing the execution of these resolutions to maximize asset value and clear company liabilities.