NCLT Rejects Authum's Acquisition Plan for Vaz Infrastructure

Authum Investment & Infrastructure Ltd announced that the National Company Law Tribunal (NCLT) has rejected the resolution plan for the acquisition of Vaz Infrastructure Limited (VIL). Authum had previously emerged as the successful resolution applicant in the Corporate Insolvency Resolution Process (CIRP) of VIL. Despite this rejection, the company stated that there is no impact on its business operations. Further developments will be communicated to the exchanges as per SEBI regulations.