Prior Intimation- Consideration of Resolution Plan By Hon''ble NCLT.
Awaiting price reaction for this filing.
Vas Infrastructure Ltd, which is currently under the Corporate Insolvency Resolution Process (CIRP), has informed the stock exchanges that the NCLT Mumbai Bench has scheduled a hearing on November 20, 2025 to consider the Resolution Plan submitted by Authum Investment & Infrastructure Ltd under the Insolvency and Bankruptcy Code (IBC) 2016. The company's affairs are being managed by Resolution Professional Ashok Kumar Golechha, confirming it is still in the insolvency resolution phase. Approval of the Resolution Plan would determine the company's future course, including potential restructuring, revival or change in management.
For shareholders, this is a critical milestone — if the NCLT approves the Resolution Plan, the company could see a revival and possibly a change in ownership/management; if rejected, liquidation cannot be ruled out. The stock may remain volatile ahead of the November 20 hearing.