Announced Wed, 16 Sept · 15:47 IST
Contempt proceedings initiated against operational creditor for NCLT order non-compliance
ASTRON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.4%1-day move
₹2.94
prior close
₹2.94
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+1.7+1.7+1.4+0.3————————
Up moveDown movePending
AI summary
Astron Paper and Board Mill, currently under Corporate Insolvency Resolution Process (CIRP), has filed an application before NCLT Ahmedabad on 10 September 2026 seeking contempt proceedings against an Operational Creditor. The OC failed to comply with NCLT order dated 11 May 2026 which directed it to deposit Rs 2,00,000 within two weeks. The company is seeking appropriate directions and contempt initiation for willful non-compliance of the NCLT order.
Likely market impact
No direct impact on shareholders. Reflects ongoing CIRP and efforts to enforce NCLT directions against non-compliant operational creditors.