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 the Corporate Insolvency Resolution Process (CIRP), has informed the stock exchanges that the NCLT Mumbai Bench (Court-II) will hear the resolution plan submitted by Authum Investment & Infrastructure Ltd on March 20, 2026. The company is already under CIRP, with Ashok Kumar Golechha acting as the Resolution Professional. This is a prior intimation under SEBI LODR regulations, signaling a key milestone in the insolvency resolution process. The outcome of this hearing will determine whether the company gets a new owner or faces liquidation.
Shareholders should note that the company's future hinges on the NCLT's approval of the resolution plan by Authum. If approved, existing equity could face significant dilution or extinction depending on the resolution terms. The stock may see volatility around the March 20 hearing date.