Aksh Optifibre Limited (AKSHOPTFBR) — Announcement

· NSE 🔴 High Importance Neutral
📢 Key Event
NCLT Jaipur Bench admits Section 7 petition against Aksh Optifibre, initiating CIRP
🔄 What Changed
Petition admitted despite disputes; CIRP now active
🔮 What's Next
Matter to be placed before regular bench for further proceedings
💡 Investor Takeaway
Shareholders face potential loss of investment value if resolution leads to restructuring or liquidation.

Aksh Optifibre Limited faces insolvency proceedings after a financial creditor's petition under Section 7 of the IBC was admitted by the NCLT Jaipur Bench, confirming debt of ₹2 crore plus interest and default established. The company disputes the debt as inflated and allegedly settled against electricity dues, but the tribunal rejected concealment claims and allowed the petition to proceed to regular bench for CIRP appointment of an interim resolution professional.

📄 View Original Announcement (PDF)

About Aksh Optifibre Limited (AKSHOPTFBR)

Telecommunication · Telecom - Equipment & Accessories · Listed on NSE

Market Cap: ₹87.86 Cr P/E: -4.0 ROCE: -12.9%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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