Legal8 Jul 2026, 07:20 pm
NCLT Rejects Authum Investment's Resolution Plan for Vas Infra
AI Summary
The National Company Law Tribunal (NCLT), Mumbai Bench, has rejected the resolution plan submitted by Authum Investment & Infrastructure Limited for Vas Infrastructure Ltd. The order, pronounced on July 07, 2026, dismisses the application for approval of the resolution plan. Vas Infrastructure Ltd. is now required to take necessary steps as per the Insolvency and Bankruptcy Code, 2016, and applicable regulations. This development signifies a setback in the corporate insolvency resolution process for the company.
Key Highlights
- NCLT Mumbai rejected Authum Investment's resolution plan.
- The resolution plan application has been dismissed by the tribunal.
- Vas Infrastructure must now follow IBC 2016 procedures.
- This is a significant development in the company's CIRP.
Price Impact
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