ABANNSEAban Offshore Limited· Oil Exploration/ProductionHighNeutral
Announced Thu, 11 Dec, 2025 · 16:46 IST
NCLT admitted Aban Offshore to insolvency; second creditors meeting on Dec 12
Price reaction
Awaiting price reaction for this filing.
AI summary
Aban Offshore has been admitted by NCLT to the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. The second meeting of the Committee of Creditors is scheduled for December 12, 2025 at 4 pm in Nariman Point, Mumbai. Shailesh Desai is the appointed Resolution Professional. The company continues operations while the resolution process is underway.
Likely market impact
High-risk situation for shareholders. Stock value and recovery depend on the resolution plan that creditors ultimately approve.