Disclosure under Regulation 30 of LODR of submission of resolution plan to NCLT for approval.
Awaiting price reaction for this filing.
Vas Infrastructure Ltd has submitted a resolution plan to the National Company Law Tribunal (NCLT) for approval, as disclosed under Regulation 30 of the Listing Obligations and Disclosure Requirements (LODR). This indicates the company is undergoing the corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code. A resolution plan is a proposal outlining how the company's debts will be restructured or repaid to creditors, typically submitted by a resolution applicant. The plan now awaits NCLT's approval before it can be implemented.
This is a procedural step in an ongoing insolvency process and does not guarantee recovery for shareholders. Until the NCLT approves the plan, uncertainty remains for equity holders, who are the last in line to receive any value.