Aksh Optifibre Limited: NCLT Order in Corporate Insolvency Resolution Process
Aksh Optifibre Limited, a publicly listed optical fibre and cable manufacturer, has formally entered Corporate Insolvency Resolution Process following an NCLT order dated on or before 22 June 2026. The company has disclosed this material event to NSE as a statutory requirement under the Listing Regulations. The CIRP process will be managed by an appointed Insolvency Professional (IP) who will evaluate resolution plans or proceed to liquidation based on creditor voting. The 180-day moratorium freezes all legal proceedings and creditor actions against the company.
Why it mattersCIRP designation triggers a 180-day moratorium on creditor action, suspension of board control, and appointment of an Insolvency Professional; creditors must file claims within the statutory timeline to participate in resolution or liquidation voting.
SectorIndustrials
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Sources
- National Stock Exchange of India Ltd (NSE) · official
- National Company Law Tribunal (NCLT) - Ministry of Corporate Affairs · official
- Insolvency and Bankruptcy Board of India (IBBI) · official
- IBBI orders · official
- NCLT orders · official
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