ABANNSEAban Offshore Limited· Oil Exploration/ProductionMinimalNeutral
Announced Wed, 15 Oct, 2025 · 18:50 IST
Aban Offshore creditors must submit claims by 28 October 2025
Price reaction
Awaiting price reaction for this filing.
AI summary
Aban Offshore published a newspaper notice to creditors after the Chennai tribunal ordered a formal insolvency process on 1 September 2025. Shailesh Desai was appointed to manage it on 10 October 2025. Claims are due by 28 October 2025, and completion is expected by 28 February 2026. An earlier Form A as of November 2024 showed admitted claims of Rs 477.02 crore and estimated asset value of Rs 4.35 crore.
Likely market impact
Shareholders face high risk of further value erosion or total loss, with the outcome dependent on creditor claims and any restructuring or sale.