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, which is currently under the Corporate Insolvency Resolution Process (CIRP), has informed BSE that the NCLT Mumbai Bench has listed the matter for first hearing on April 21, 2025. The tribunal will consider the Resolution Plan submitted by Authum Investment & Infrastructure Ltd under the Insolvency and Bankruptcy Code (IBC), 2016. The company is being represented by the Resolution Professional, Ashok Kumar Golechha. This is a prior intimation and does not confirm approval of the plan yet.
For shareholders, this is a key milestone — NCLT's consideration of the Resolution Plan could determine the future of the company and potential recovery for shareholders. Approval would bring closure to the insolvency process, while rejection could lead to liquidation. Stock price may react based on NCLT hearings and the perceived credibility of Authum as the resolution applicant.