Aban Offshore Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
Aban Offshore Limited has disclosed an NCLAT (National Company Law Appellate Tribunal) Chennai order dated 10 April 2026 in Company Appeal No.477/2025. The appellant is Reji Abraham, the suspended Managing Director of Aban Offshore, and the respondents include Punjab National Bank. The appeal relates to the ongoing Corporate Insolvency Resolution Process (CIRP) that the company is already undergoing. The NCLAT granted an adjournment and listed the matter for further hearing on 2 June 2026. The interim order passed by the Tribunal will continue till the next date of hearing.
The adjournment of the NCLAT appeal means the insolvency resolution process continues without immediate resolution. The ongoing CIRP indicates the company remains under creditor protection while its debt restructuring is being negotiated.