ARSS Infrastructure Projects Limited has informed the Exchange about Corporate Insolvency Resolution Process
Awaiting price reaction for this filing.
ARSS Infrastructure Projects, which is already under Corporate Insolvency Resolution Process (CIRP), informed the exchanges about the outcome of a hearing at the NCLT Cuttack bench. The NCLT heard the matter related to the company's Resolution Plan but reserved its order, meaning a decision is pending. No approval or rejection has been announced yet. This is a continuation of an earlier intimation dated May 16, 2025 regarding the date of the hearing.
No immediate impact on shareholders as the NCLT has only reserved its order - no decision has been made yet. Investors should wait for the final ruling, which could either approve a resolution plan (potentially allowing recovery) or prolong the insolvency process, both of which carry uncertainty for existing equity holders.