Aksh Optifibre Limited enters Corporate Insolvency Resolution Process; Claims Invitation Issued
M/s Aksh Optifibre Limited has commenced the Corporate Insolvency Resolution Process (CIRP), following a public announcement that invites stakeholders, particularly creditors, to submit their claims. The process initiated under Section 15 of the Insolvency and Bankruptcy Code, 2016, is set to run until December 16, 2026.The company's incorporation details show it was established on March 19, 1986, with its registered office located in Bhiwadi, Rajasthan. The CIRP commencement date for M/s Aksh Optifibre Limited is June 19, 2026.
The purpose of the public announcement is to inform all stakeholders about the start of the insolvency process and to solicit claims from creditors. This information was published in both Business Standard (English) and Rashtradoot (Hindi).
CIRP Process Details and Creditor Obligations
The company appointed Praveen Kumar Singhal, who holds TBBVIPA-001/P-P00514/2017-2018/10915, as the Interim Resolution Professional.Creditors are being called upon to submit their claims and supporting documents according to specific instructions:
| Detail | Status |
|---|---|
| Company Name | M/s Aksh Optifibre Limited |
| Date of Incorporation | 19.03.1986 |
| Insolvency Commencement Date | 19.06.2026 |
| Estimated Closure Date | 16.12.2026 |
| Interim Resolution Professional | Praveen Kumar Singhal |
| Last Date for Claim Submission (General) | 03.01.2026 |
Financial creditors are specifically required to submit their claims along with proof exclusively via electronic mode. All other creditors may submit claims through post or electronically.
The notice also detailed several operational timelines for the insolvency process, including the classes of creditors and designated deadlines throughout 2026 and early 2027.
AKSHOPTFBR Stock Price Movement
On Friday, Aksh Optifibre Limited saw its stock climb significantly, finishing the trading session at ₹7.59 after surging 4.97% from previous close. The equity traded within a defined range, marked by a high of ₹7.60 and a low of ₹7.24, as 997,657 shares were transacted during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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