NCLT Rejects Resolution Plan in Vas Infrastructure Limited CIRP; Authum Investment Reports No Operational Impact
Authum Investment & Infrastructure Limited has received a significant update regarding its role as the resolution applicant for Vas Infrastructure Limited (VIL). The National Company Law Tribunal (NCLT) rejected the resolution plan, where Authum was selected as the Successful Resolution Applicant in the Corporate Insolvency Resolution Process (CIRP) of VIL.The NCLT delivered its order on July 7, 2026, rejecting the proposed plan involving Authum Investment & Infrastructure Limited's acquisition of Vas Infrastructure Limited. This follows a previous announcement made by the company on April 2, 2025, regarding its emergence as a successful Resolution Applicant in the CIRP matter.
In response to the rejection of the resolution plan, Authum Investment & Infrastructure Limited stated that there is no impact on the business operations of the company. The company noted that any further developments concerning this matter will be communicated to exchanges within the stipulated time frame.
AIIL Stock Price Movement
On Friday, Authum Investment & Infrastructure Limited saw its shares gain 1.67%, closing at ₹514.00 after a solid session. The stock traded briskly during the day, with a volume of 62,332 shares recorded.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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