Committee of Creditors (CoC)

The Committee of Creditors (CoC) is a group formed during a company’s insolvency process, representing the interests of its financial creditors—such as banks and lenders. The CoC reviews proposals for restructuring or selling the company and votes on the best course of action. Its purpose is to ensure that the creditors’ interests are considered fairly while facilitating a resolution that maximizes the company's value or the repayment of debts. The CoC plays a key role in decision-making, aiming to balance creditors' rights with a viable path for the company's recovery or exit from insolvency.