Announced Tue, 25 Aug · 14:21 IST
NCLT approves new Resolution Professional, company stays under CIRP
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹8.00
prior close
₹7.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+10.4+10.4+9.9+9.9-0.8+0.1-4.9-0.4-5.3-0.3-4.0———
Up moveDown movePending
AI summary
NCLT Mumbai has approved replacing the Resolution Professional of Vas Infrastructure Ltd. Mr. Ashok Kumar Golechha is being replaced by Mr. Bimal Kumar Agarwal. The Committee of Creditors, led by Canara Bank, voted 100 percent to appoint the new RP. The company remains under the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code.
Likely market impact
Routine change of insolvency officer during ongoing CIRP; no change in company status but signals continued resolution process delays.