Aksh Optifibre: NCLT Admits Insolvency Application for ₹2 Cr Debt

Aksh Optifibre Ltd has announced that the National Company Law Tribunal (NCLT), Jaipur Bench, has admitted an insolvency application filed by Shantanu Investments Private Limited. The application, under Section 7 of the Insolvency and Bankruptcy Code (IBC), pertains to an outstanding debt of ₹2,00,00,000 plus interest. Consequently, the NCLT has ordered the commencement of the Corporate Insolvency Resolution Process (CIRP) for the company. A moratorium under Section 14 of the IBC has been declared, and an Interim Resolution Professional (IRP) has been appointed. The detailed written order is awaited.