NCLT rejects resolution plan for Vas Infrastructure under CIRP

Nclt Insolvency AdmittedRegulatory & Legal View source PDF

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AI summary

NCLT Mumbai Bench has rejected the resolution plan submitted by Authum Investment and Infrastructure for Vas Infrastructure. The order was pronounced on July 7, 2026 and the application for approval of the resolution plan stands dismissed. The company is currently under the Corporate Insolvency Resolution Process and will take further steps under the Insolvency and Bankruptcy Code 2016.

Likely market impact

Delays insolvency resolution and may push the company towards liquidation. Shareholders face continued uncertainty and risk of value loss.