Intimation under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 along with NCLAT order dated 12.03.2026 and receipt of Acknowledgement No. 15468/2026 ....
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Cosmic CRF Ltd informed the stock exchange about an order passed by the NCLAT (Principal Bench, New Delhi) on March 12, 2026 in the case of Myotic Trading Pvt. Ltd. vs. Deepak Maini, Resolution Professional of Amzen Transportation Industries Ltd. & Ors. The matter relates to the Corporate Insolvency Resolution Process (CIRP) of Amzen Transportation Industries Ltd., in which Cosmic CRF had submitted a resolution plan with an Earnest Money Deposit of ₹1.5 crores. The NCLAT's order relates to Cosmic CRF's eligibility under Section 29A of the Insolvency and Bankruptcy Code (IBC), where it was declared ineligible due to alleged connections of its director Aditya Vikram Birla and connected parties with Cosmic Ferro Alloys Ltd. (CFAL), a previous CIRP case involving a ₹178 crore debt settled at ₹50 crores. The company has challenged this order by filing an appeal in the Supreme Court of India (Diary No. 15468/2026, CNR No. SCIN010154682026) on March 13, 2026.
This is a material litigation disclosure involving ongoing insolvency-related proceedings where Cosmic CRF faces disqualification from submitting a resolution plan for Amzen Transportation Industries Ltd. Shareholders should note the adverse ruling on Cosmic's eligibility under Section 29A of IBC and the ongoing legal challenge in the Supreme Court, which creates uncertainty around Cosmic's participation in the Amzen resolution process and may impact its business interests in such corporate restructuring opportunities.