Authum Investment & Infrastructure Ltd emerges successful resolution applicant for Vas Infrastructure Ltd

Authum Investment & Infrastructure Limited has emerged as the Selected Resolution Applicant and/or Successful Resolution Applicant, in relation to acquisition of Vas Infrastructure Limited ('VIL'), pursuant to the Resolution Plan submitted by the Company. In this connection, the Resolution Professional has issued a letter of intent (LOI') dated April 01, 2025 in favour of the Company and the same has been accepted by the Company today.

The LOI is subject to the outcome of the decision of the Hon'ble National Company Law Tribunal, Mumbai Bench (Adjudicating Authority) and / or any other Courts or Tribunal (as the case may be) under Applicable Laws, and the terms and conditions as stated in the said LOI.

Vas Infrastructure Limited (Corporate Debtor or Company) is a public limited company existing under the laws of India, having its equity shares listed on BSE Limited. It is currently undergoing a Corporate Insolvency Resolution Process (CIRP) which had commenced vide order dated March 11, 2024 of the Hon'ble National Company Law Tribunal, Mumbai Bench.

Source : Equity Bulls

Keywords

AuthumInvestmentandInfrastructure SuccessfulResolutionApplicant VasInfrastructure