Announced Sat, 20 Jun · 12:02 IST
NCLT admits insolvency petition against Aksh Optifibre, CIRP begins
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
-0.5%1-day move
₹7.60
prior close
₹7.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.9+3.4+3.4+3.4-0.5-2.5-4.3-6.2-8.0-11.4-21.1-24.1——
Up moveDown movePending
AI summary
The NCLT Jaipur Bench has admitted a Section 7 IBC application filed by Shantanu Investments Private Limited against Aksh Optifibre for an outstanding of about Rs 2 crore plus interest. The tribunal has ordered commencement of the Corporate Insolvency Resolution Process, declared a moratorium under Section 14, and appointed an Interim Resolution Professional. The detailed written order is awaited.
Likely market impact
Very negative for shareholders — insolvency process begins, board control shifts to IRP, moratorium may halt recoveries and operations face uncertainty.