Announced Mon, 22 Jun · 18:59 IST
NCLT admits insolvency petition against Aksh Optifibre, CIRP to begin
AKSHOPTFBR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.9%1-day move
₹7.96
prior close
₹7.75
base price
After-mkt
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-2.5-2.5-2.5-2.5-6.9-8.7-10.4-12.2-13.8-17.1-25.9-26.1——
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AI summary
NCLT Jaipur has admitted a Section 7 insolvency petition filed by Shantanu Investments against Aksh Optifibre over an alleged Rs 2 crore unsecured loan. The Technical Member's order, treated as the final majority opinion, directs appointment of an Interim Resolution Professional to begin the Corporate Insolvency Resolution Process within 3 days, with Rs 1 lakh paid to the IRP. This effectively starts insolvency proceedings against the company.
Likely market impact
Negative for shareholders. Company enters insolvency resolution, which may lead to restructuring, management change, and major uncertainty for equity holders.