Key Decisions Approved by Resolution Professional
Mr. Arihant Nenawati, the Resolution Professional of MT Educare Limited, has approved and taken on record the following:
- Postponement of the 20th Annual General Meeting of the Company from Tuesday, September 22, 2026 to Wednesday, September 30, 2026
- Approval of the revised Notice of the 20th Annual General Meeting
- Postponement of the Closure of Register of Members and Register of Share Transfer from the original period of "September 16, 2026 to September 22, 2026" to the new period of "September 24, 2026 to September 30, 2026"
Regulatory Compliance Details
The register of members & share transfer books shall remain closed from September 24, 2026 to September 30, 2026 for the purpose of the 20th Annual General Meeting, pursuant to:
- Section 91 of the Companies Act, 2013
- Regulation 42 of SEBI (LODR) Regulations, 2015
Corporate Insolvency Resolution Process Background
The company remains under Corporate Insolvency Resolution Process (CIR Process) initiated pursuant to the Order dated December 16, 2022 of the Hon'ble National Company Law Tribunal, Mumbai (NCLT Order).
Key CIRP timeline:
- CIR Process commencement date: December 16, 2022
- Mr. Ashwin Bhavanji Shah was initially appointed as Interim Resolution Professional (IRP)
- Committee of Creditors constituted on August 21, 2023
- Mr. Arihant Nenawati was appointed as new Resolution Professional on January 22, 2024 following an application filed by Prudent ARC with the NCLT Mumbai Bench
Professional Credentials
Mr. Arihant Nenawati serves as Resolution Professional with IP Registration No: IBBI/IPA-001/IP-P00456/2017-2018/10799