Pursuant to the pronouncement by the Hon''ble National Company Law Tribunal (Cuttack Bench) on 29-08-2025, the resolution plan submitted by ocean Capital Market Limited (OCML) has been ....
Awaiting price reaction for this filing.
The National Company Law Tribunal (Cuttack Bench) pronounced its order on 29 August 2025 on the resolution plan submitted by Ocean Capital Market Limited (OCML) for ARSS Infrastructure Projects Ltd, which is undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code. The exact nature of the order (approval, modification, or rejection) is truncated in the headline, but it relates to the formal adjudication of OCML's bid to revive the company. The full text of the order and any conditions imposed will determine the future ownership and revival path of the company. Shareholders and creditors will need to watch for the detailed order to understand the implications.
For existing shareholders, this is a critical event — under IBC rules, successful resolution typically results in significant dilution or complete extinguishment of existing equity. If the plan is approved, OCML will take control of the company. Investors should monitor the detailed NCLT order and any subsequent filings for clarity on shareholding restructuring and revival prospects.