Prior intimation - Consideration of Resolution Plan by Hon''ble National Company Law Tribunal (NCLT) , Mumbai Bench in respect of M/S.VAS INFRASTRUCTURE LTD ( the Company /Corporate Debtor) .
Awaiting price reaction for this filing.
Vas Infrastructure Ltd has informed the stock exchanges that the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench will consider the company's Resolution Plan. The company itself is referred to as the Corporate Debtor, confirming it is currently going through the Insolvency and Bankruptcy Code (IBC) process. Filing this as a prior intimation suggests the hearing is upcoming or has just concluded. The actual document body on BSE was not accessible and only an error page was returned, so further details such as the resolution applicant's name, plan value, or approval status are not available from the filing.
Resolution plan consideration by NCLT is a critical milestone for the company and its shareholders — an approval could revive the business and lead to a significant re-rating of the stock, while rejection could leave outcomes such as liquidation on the table. Shareholders should watch for the next update from the company confirming NCLT's decision.