A.F. Enterprises Ltd: CIRP withdrawn by NCLT, management control reverts

A.F. Enterprises Ltd announced that the National Company Law Tribunal (NCLT) has approved the withdrawal of the Corporate Insolvency Resolution Process (CIRP) against the company. The NCLT order, dated August 6, 2026, allows for the withdrawal under Section 12A of the Insolvency and Bankruptcy Code, 2016. Consequently, the CIRP proceedings have been withdrawn, and the company has been released from the process. Management control now reverts to the company, which will undertake steps to resume operations and complete the handover from the Resolution Professional. The Board also resolved to prioritize pending statutory, regulatory, and financial compliances.