What’s new

• Committee of creditors approved Ankoor Distilleries' resolution plan with 100% vote.
• Liquidation proposal was rejected completely.
• No financial terms of the plan have been disclosed yet.

Why it matters

For a nano-cap with a ₹21 cr market cap, unanimous creditor approval removes the existential risk of liquidation. The path to revival is now open, but the lack of disclosed terms keeps the eventual value uncertain.

What we’re watching

• Letter of intent and follow-up applications by the resolution professional.
• Any disclosure of the resolution plan's financial structure.
• Timeline for implementation and exit from CIRP.

The full read

Impex Ferro's creditors voted 100% for Ankoor Distilleries' plan. Liquidation is off the table. For a suspended nano-cap with a ₹21 cr market cap, that unanimous backing removes the single biggest overhang — the risk of being wound up. The resolution professional now can issue a letter of intent and file applications. Yet the filing withholds any financial terms, leaving investors to guess at the recovery value. The approval is a clear positive, but the absence of numbers means this is still a story of survival, not revival.

Primary source: BSE · NSE