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, currently under Corporate Insolvency Resolution Process (CIRP), has informed the stock exchange that the NCLT Mumbai Bench (Court II) has listed the matter on May 8, 2025 for further consideration of the Resolution Plan submitted by Authum Investment & Infrastructure Limited under the Insolvency and Bankruptcy Code (IBC) 2016. The application being heard is IA No. 41 of 2025. The company has been under CIRP, as confirmed by the signing of the letter by the Resolution Professional, Ashok Kumar Golechha. No decision has been announced yet — only a hearing date has been set.
Shareholders should note that the company's fate still depends on the NCLT's approval of the resolution plan. If approved, Authum will likely take over the company, which could affect existing shareholders significantly. Until then, the stock remains under uncertainty due to the ongoing insolvency process.