ARSS Infrastructure Projects Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
ARSS Infrastructure Projects, currently under Corporate Insolvency Resolution Process (CIRP), has cancelled its 43rd Committee of Creditors meeting that was scheduled for August 29, 2025 at 3:00 PM. The cancellation follows an order pronounced by the Hon'ble Bench regarding the Resolution Plan submitted by Ocean Capital Market Limited. The company continues to remain under the CIRP framework, and this order is a key milestone in the insolvency proceedings. The outcome of the resolution plan will determine the future course of action for the company.
This signals a significant development in the insolvency case, with a court order now in place on a submitted resolution plan. For shareholders, this is a critical moment — successful resolution could revive the company, but failure may lead to liquidation, both of which typically result in severe value erosion for existing equity holders.