ARSS Infrastructure Projects Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
ARSS Infrastructure Projects Limited has informed the stock exchange that a Corporate Insolvency Resolution Process (CIRP) has been initiated against the company. This typically means the National Company Law Tribunal (NCLT) has admitted the company into insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). A resolution professional will now take charge of the company's operations and assets. Creditors will work to recover dues either through a revival plan or liquidation. Existing shareholders are likely to see significant value erosion as the process unfolds.
This is a major negative event for shareholders, as insolvency proceedings usually lead to substantial dilution or complete loss of equity value. Stock price may remain volatile and could face trading restrictions or suspension depending on exchange rules.