Announced Sat, 20 Jun · 12:06 IST
NCLT admits insolvency plea 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
NCLT Jaipur Bench has admitted an insolvency application under Section 7 of IBC against Aksh Optifibre, filed by Shantanu Investments Private Limited, over an outstanding of Rs 2 crore plus interest. The tribunal has ordered commencement of the Corporate Insolvency Resolution Process, declared a moratorium, and appointed an Interim Resolution Professional. The written order is awaited.
Likely market impact
Negative — insolvency admission can erode shareholder value, trigger moratorium on debt recovery, and may lead to restructuring or liquidation.