Information under Regulation 30 of SEBI(Listing Obligations and Disclosure Requirements) Regulations, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cosmic CRF had submitted a Resolution Plan for Amzen Transportation Industries Pvt Ltd under the CIRP process. The Committee of Creditors (CoC) found Cosmic CRF ineligible under Section 29A of the Insolvency and Bankruptcy Code based on reports from law firms AHSK and PSA, though a Senior Advocate later opined they were eligible. The NCLAT Delhi upheld the ineligibility finding on July 25, 2025. Cosmic CRF appealed to the Supreme Court (Civil Appeal No. 9900/2025). The Supreme Court heard the matter on August 4, 2025 and disposed of the appeal, directing Cosmic CRF to approach the NCLAT again to point out any factual errors, rather than overturning the NCLAT's findings. The company is presenting this as a 'favourable order,' though the order did not grant Cosmic CRF the relief of being declared eligible.
Cosmic CRF remains effectively barred from being the resolution applicant for Amzen Transportation Industries unless the NCLAT accepts fresh arguments on factual errors. Despite the company's positive framing, this is not a clear legal win — the underlying NCLAT finding against Cosmic CRF stands, which could weigh negatively on the stock.