Prior Intimation - Consideration of Resolution Plan by Honble National Company Law Tribunal (NCLT) Mumbai Bench in respect of M/s. Vas Infrastructutre 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 the stock exchange that the NCLT Mumbai Bench (Court II) has scheduled March 6, 2026 as the next hearing date. On that date, the tribunal will further consider the Resolution Plan submitted by Authum Investment & Infrastructure Limited under the Insolvency and Bankruptcy Code, 2016. The company is already in insolvency with a Resolution Professional (Ashok Kumar Golechha) managing its affairs. The outcome of the March 6 hearing will be key for shareholders and creditors as it could lead to approval, modification, or rejection of the resolution plan.
This is procedural and does not change the company's insolvency status. Shareholders remain at risk of dilution or extinction of their holdings if the resolution plan is approved, as IBC proceedings typically result in significant changes to the equity structure. The stock may remain volatile around the March 6 hearing date.