Prior Intimation- Consideration of the Resolution Plan by the 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 a hearing on August 21, 2025 to further consider the Resolution Plan submitted by Authum Investment & Infrastructure Limited under the Insolvency and Bankruptcy Code (IBC), 2016. The matter (IA No. 41 of 2025) is being taken up for consideration. The communication has been signed by the Resolution Professional appointed for the company, confirming that insolvency proceedings are ongoing. The outcome of this hearing will determine whether the resolution plan is approved, which would set the path for the company's revival or exit from CIRP.
Shareholders should note that the company remains under insolvency proceedings and is not yet out of the woods. A favourable NCLT order approving the Authum resolution plan could revive the business and potentially benefit shareholders, while any delay or rejection could prolong uncertainty and risk further value erosion.