Choice International Unit Declared Successful Resolution Applicant For Feedback Infra

Choice International Ltd has informed exchanges that its unit has been declared the successful resolution applicant by the Committee of Creditors (CoC) of Feedback Infra. The announcement comes under the Insolvency and Bankruptcy Code (IBC) process, where the CoC approved the resolution plan submitted by the company’s subsidiary.  

Feedback Infra, a leading infrastructure services and consulting firm, has been undergoing insolvency proceedings. With this development, Choice International gains a strategic opportunity to expand its footprint in infrastructure advisory, project management, and engineering services.  

Key highlights from the update include  

• Choice International unit declared successful resolution applicant by CoC of Feedback Infra  
• Resolution plan approved under the Insolvency and Bankruptcy Code framework  
• Strengthens Choice International’s presence in infrastructure consulting and project management  
• Marks a significant milestone in the company’s expansion strategy  
• Provides opportunity to leverage synergies and enhance service offerings  

Industry experts note that the acquisition of Feedback Infra through the resolution process could provide Choice International with access to new clients, projects, and expertise, further consolidating its position in the infrastructure services sector. The move reflects the company’s focus on strategic growth and diversification.  

Sources: BSE Corporate Filings, Economic Times, Business Standard