ARSS Infrastructure Projects Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
ARSS Infrastructure Projects Limited, which is already under Corporate Insolvency Resolution Process (CIRP), has informed the exchanges that the NCLT Cuttack Bench will hold a hearing on 20th May 2025 to consider the Resolution Plan submitted for the company. The intimation is filed under SEBI LODR Regulation 30, following the prescribed disclosure format for companies undergoing CIRP. The company continues to operate under insolvency proceedings, and the outcome of the hearing will determine the future course of the resolution process.
This is a routine procedural update for an already insolvent company. Shareholders should note that the stock remains under CIRP, and the NCLT hearing on 20th May could lead to approval or rejection of the Resolution Plan, both of which carry significant risk for equity holders who typically face dilution or loss in such scenarios.