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 NSE that the company has entered the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). This typically means the National Company Law Tribunal (NCLT) has admitted an insolvency petition against the company and appointed an Interim Resolution Professional (IRP) to manage its affairs. The management of the company is usually suspended, and the IRP takes control of operations. A moratorium is generally imposed on debt recovery, and a resolution plan must be submitted within a statutory timeline (currently 180 days, extendable). Existing equity shareholders are the last in the priority list to receive any value.
Extremely negative for shareholders — the stock is likely to face sharp volatility and possible trading suspension. Equity holders typically face significant loss of value, as lenders, employees, and operational creditors are paid before shareholders in any resolution or liquidation process.