ABANNSEAban Offshore Limited· Oil Exploration/ProductionCriticalNegative
Announced Wed, 18 Feb, 2026 · 16:46 IST
NCLAT adjourns Aban Offshore CIRP appeal to March 27, 2026
Price reaction
Awaiting price reaction for this filing.
AI summary
Aban Offshore, under Corporate Insolvency Resolution Process since September 2025, appeared before NCLAT Chennai on February 12, 2026. The tribunal adjourned an appeal filed by suspended MD Reji Abraham against Punjab National Bank to March 27, 2026, allowing time for settlement. PNB opposed the adjournment. The interim order of January 21, 2026 continues to operate. If no settlement is reached by then, the appeal will be heard on merits.
Likely market impact
CIRP and uncertainty persist; settlement talks with PNB underway; next hearing March 27, 2026 will be decisive.