Prior intimation - Consideration of Resolution Plan by Hon''ble National Company Law Tribunal (NCLT) Mumbai Bench in respect of M/s .Vas Infrastructure Limited (the Company /Corporate Debtor)
Awaiting price reaction for this filing.
Vas Infrastructure Ltd has informed the stock exchanges that the National Company Law Tribunal (NCLT), Mumbai Bench, will consider a Resolution Plan in respect of the company. The filing is a prior intimation, meaning the company is already classified as a Corporate Debtor under the Insolvency and Bankruptcy Code, and a resolution plan has been submitted which is now up for hearing before the NCLT. The actual document on the BSE portal was unavailable, so further details such as the resolution applicant, plan value, and timeline are not accessible from the source provided.
For shareholders, this is a key milestone — if the NCLT approves the plan, it could revive the company and offer some recovery, but until then uncertainty remains and the stock may stay volatile. The outcome of the NCLT hearing will be a major price-moving event.