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 BSE that the NCLT Mumbai Bench (Court II) will hear the Resolution Plan submitted by Authum Investment & Infrastructure Limited on September 24, 2025. The matter is listed as IA no. 41 of 2025 under the Insolvency and Bankruptcy Code, 2016. The company is being represented by its Resolution Professional, Ashok Kumar Golechha. This is a prior intimation under SEBI LODR Regulations, meaning no decision has been taken yet on the resolution plan.
Investors should note that the company's future — including potential revival, takeover by Authum, or liquidation — depends on the outcome of the September 24 hearing. The stock may remain volatile or illiquid until the NCLT takes a decision on the resolution plan. Shareholders face uncertainty regarding their holdings and potential dilution or write-down depending on the approved resolution terms.