A) Introduction & Background
1. Where Did It All Begin?
If you are a shareholder of Vimla Fuels and Metals Limited, there is only one question — when will you recover your investment?
The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC), 2016. This means the company defaulted on its loans, lenders approached the NCLT, and an Insolvency Professional (IP) is now in charge.
On 20th March 2026, the 4th Committee of Creditors (CoC) meeting was held. This article breaks down what happened and what it means for shareholders.
B) Understanding the Power Structure
1. What is the CoC and Why Are You Not in It?
The Committee of Creditors (CoC)…