Announced Mon, 24 Aug · 18:56 IST
NCLT approves CIRP withdrawal for AF Enterprises, management restored
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
-9.5%1-day move
₹2.11
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-9.5-13.7-13.3-14.7-14.2-13.3-16.6———
Up moveDown movePending
AI summary
The Board noted the NCLT New Delhi order dated 6 August 2026 approving withdrawal of CIRP under Section 12A of the IBC in the Findoc Finvest case against the company. CIRP proceedings stand withdrawn, releasing the company from insolvency. Management control reverts to the board, which will resume operations and complete the handover from Resolution Professional Sumit Sharma. The board will also review and regularize pending statutory, regulatory, and financial compliances on priority.
Likely market impact
Positive: company exits insolvency, management restored, operations set to resume. Relief for shareholders.