Eligibility of the Company to participate in the CIRP of the Corporate Debtor vide order of Hon''ble Supreme Court of India dtd. 14.05.2026, in the matter of Cosmic CRF Limited vs. Myotic ....
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Cosmic CRF Limited received a favorable order from the Hon'ble Supreme Court of India in the matter of Cosmic CRF Limited vs. Myotic Trading Private Limited & Ors. The Supreme Court held the company eligible to participate in the Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. The apex court set aside the earlier judgment passed by NCLAT (National Company Law Appellate Tribunal) dated 12.03.2026, which had apparently found the company ineligible. This Supreme Court order dated 14.05.2026 reverses that earlier NCLAT decision, allowing Cosmic CRF to continue participating in the insolvency resolution process. The company filed this update with BSE under Regulation 30 of SEBI LODR Regulations as a continuation of their earlier disclosures.
This is a positive development for Cosmic CRF Limited as the Supreme Court ruling restores the company's eligibility to participate in the CIRP. This removes a legal hurdle that could have potentially affected the company's standing in the insolvency resolution process and is favorable for shareholders as it preserves the company's rights in the matter.