Arshiya Limited has informed the Exchange about Corporate Insolvency Resolution Process
ARSHIYA · price
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Arshiya Limited has informed the exchange that the Corporate Insolvency Resolution Process (CIRP) has been initiated against the company. CIRP is a formal insolvency mechanism under the Insolvency and Bankruptcy Code (IBC), typically triggered after the National Company Law Tribunal (NCLT) admits an insolvency petition filed by a creditor or the company itself. An Interim Resolution Professional (IRP) is usually appointed to take control of the company's operations and assets. The company's existing board is generally suspended during this process. A moratorium on recovery actions by creditors also comes into effect from the date of admission.
This is a significant negative event for shareholders — existing equity holders typically face heavy value erosion or potential wipeout, as creditors and lenders are paid first during resolution. The stock is likely to remain under pressure and may see sharp declines or trading restrictions.