NCLAT pauses insolvency process against Aksh Optifibre

Court Stay ObtainedNclt Insolvency AdmittedRegulatory & Legal View source PDF

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AI summary

Aksh Optifibre's promoter appealed against the NCLT order admitting the Corporate Insolvency Resolution Process. NCLAT on June 30, 2026 directed the Interim Resolution Professional not to take further steps. The promoter agreed to deposit Rs 3.33 crore (Rs 2 crore principal plus interest) in two installments over six weeks. Company operations will continue under IRP supervision with the promoter's assistance. Next hearing is scheduled for August 6, 2026.

Likely market impact

Insolvency process paused; operations continue under IRP oversight pending appeal outcome and promoter deposit.