A.F. Enterprises Ltd: NCLT Approves CIRP Withdrawal Under Section 12A

A.F. Enterprises Ltd announced that the Hon'ble National Company Law Tribunal (NCLT), New Delhi Bench, has approved the withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the Insolvency and Bankruptcy Code, 2016. This approval follows a settlement agreement dated July 7, 2025, for ₹3,00,00,000, with 100% Committee of Creditors (CoC) approval. The CIRP costs have been paid by the suspended management, and refunds for prospective resolution applicants have been completed. Consequently, the main petition is withdrawn, and management control reverts to the company.