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 exchange that the NCLT Mumbai Bench has scheduled November 4, 2025 to consider the resolution plan submitted by Authum Investment & Infrastructure Ltd. The company is being represented by its Resolution Professional, Ashok Kumar Golechha, indicating that the insolvency process is already underway. This is a prior intimation, meaning the NCLT has not yet approved or rejected the plan. The outcome will determine whether Authum's resolution plan is accepted as the basis for reviving the company under IBC 2016.
Shareholders should watch November 4, 2025 closely — approval of the resolution plan would signal a path to recovery and potential revival of the company, while rejection or further delays would extend uncertainty and likely keep the stock under pressure. Equity holders rank last in the IBC waterfall, so recovery prospects remain limited regardless of the outcome.