Please find enclosed herewith Update on NCLAT Order for your reference.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
A.F. Enterprises has informed the stock exchange about the latest hearing at NCLAT regarding its appeal against an NCLT order passed under the Insolvency and Bankruptcy Code, 2016. The NCLAT has observed that the company is inclined towards a settlement with its financial creditor. The matter has been listed for the next hearing on June 16, 2025. This is an update to the company's earlier communication dated May 6, 2025, where it had first announced its intention to appeal the NCLT order. The company has stated it is committed to protecting stakeholder interests and will continue to pursue legal remedies.
For shareholders, this signals that the company is under insolvency-related proceedings and is now exploring a settlement route to resolve the matter. The outcome of the June 16 hearing will be a key catalyst — a successful settlement could help avoid liquidation, while failure may escalate the insolvency process, both of which are likely to affect stock price sentiment.