Arshiya Limited has informed the Exchange about Corporate Insolvency Resolution Process
ARSHIYA · price
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Arshiya Limited has informed the stock exchange that a Corporate Insolvency Resolution Process has been initiated against the company, typically under the Insolvency and Bankruptcy Code (IBC), 2016. This means the company has been admitted into insolvency proceedings, usually by the National Company Law Tribunal (NCLT), after failing to repay its debts to creditors. A resolution professional will now take control of managing the company's affairs and attempt to find a way to revive the business or recover dues for lenders. The company's stock has historically been trading at very low levels, reflecting these ongoing financial troubles.
This is a major negative event for shareholders — in insolvency proceedings, equity holders are last in line to receive any value, and their holdings are often completely wiped out if the company is restructured or liquidated. Expect high stock price volatility and potential trading restrictions.