The National Company Law Tribunal (NCLT), Mumbai Bench, has rejected the resolution plan submitted by Authum Investment and Infrastructure Ltd for the acquisition of Vas Infrastructure Ltd (VIL), which was undergoing the Corporate Insolvency Resolution Process (CIRP).
In a regulatory filing on Saturday, Authum Investment said the NCLT, through its order dated July 7, 2026, rejected the resolution plan under which the company had emerged as the successful Resolution Applicant.
Authum had informed stock exchanges on April 2, 2025, that it had emerged as the successful Resolution Applicant for acquiring Vas Infrastructure following the insolvency proceedings initiated against the company.
The insolvency proceedings…