Intimation regarding filing of Affidavit pursuant to order of Hon''ble NCLT, New Delhi Bench.
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Cosmic CRF Limited has filed an affidavit before the National Company Law Tribunal (NCLT), New Delhi Bench, as directed by an order dated September 25, 2025. The affidavit addresses the company's eligibility under Section 29A of the Insolvency and Bankruptcy Code (IBC), 2016, in the context of the insolvency resolution process of Amzen Transportation Industries Ltd., where Cosmic CRF is a resolution applicant. Earlier, in a July 25, 2025 order, the NCLAT had declared Cosmic CRF ineligible as a resolution applicant under Section 29A without giving it a proper chance to be heard. The company challenged this before the Supreme Court, which sent the matter back, and the NCLAT has now allowed Cosmic CRF to file its reply on the eligibility issue. The affidavit was filed on October 9, 2025, within the two-week deadline, and the next hearing is scheduled for October 27, 2025.
The outcome of this NCLT/NCLAT proceeding is important for Cosmic CRF as it directly affects whether it can participate as a resolution applicant in the insolvency process of Amzen Transportation Industries Ltd. A favourable ruling could allow Cosmic CRF to bid for and potentially acquire the insolvent company, while an adverse ruling would keep it barred from the process. There is no direct impact on Cosmic CRF's own financial position or share price from this filing, but investors should monitor the October 27 hearing.