Intimation under Regulation 30 - Reservation of Order by Hon''ble NCLT , Mumbai Bench in respect of Resolution Plan of M/S Vas Infrastructure Ltd .
Awaiting price reaction for this filing.
Vas Infrastructure Ltd, currently under Corporate Insolvency Resolution Process (CIRP), has informed BSE that the Hon'ble NCLT Mumbai Bench (Court-II) has reserved its order on the Resolution Plan submitted by Authum Investment & Infrastructure Limited. The Tribunal heard the matter (IA no 41 of 2025) on May 07, 2026, and has reserved judgment for a later date. The company is being managed by Resolution Professional Ashok Kumar Golechha. This indicates the insolvency resolution process is progressing toward a final decision.
The reservation of order suggests a resolution decision is imminent. If the NCLT approves the resolution plan, it could mark the end of insolvency proceedings and potentially lead to recovery value for creditors, though shareholders may face dilution or restructuring implications.