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Showing 10 of 38 filings.
25 Aug 20261 filing
RP replacement details
- NCLT Mumbai approves replacement of Ashok Kumar Golechha with Bimal Kumar Agarwal as RP of Vas Infrastructure Ltd.
- Order dated 13 August 2026 in LA 3523/2026 CP(IB) 314/MB/2023.
- Bimal Kumar Agarwal appointed as Resolution Professional; IP Reg No IBBI/IPA-001/IP-P01409/2018-2019/12186.
- CoC approved replacement in 26th meeting held on 09 July 2026 by 100% assent.
- The company remains under CIRP under Insolvency and Bankruptcy Code, 2016.
- NCLT portal uploaded order on 24 August 2026; disclosure to BSE on 25 August 2026.
- Canara Bank vs Vas Infrastructure Limited case filed seeking RP replacement.
11 Aug 20261 filing
Key audit observations
- Unaudited results for quarter ended June 30, 2026 reviewed under Regulation 33.
- Material uncertainty exists that casts significant doubt on going concern.
- Accounts prepared on going concern basis; CIRP-related uncertainties limit assurance.
- NCLT admitted CIRP in 2024; RP appointed; board powers suspended.
- Canara Bank classified the loan as fraud on Feb 17, 2026.
- NCLT July 7, 2026 order directs reinitiation of CIRP within 120 days.
- Inventories carried at historical cost due to NRV unavailability.
- Review conducted under SRE 2410; not an audit.
- Qualified conclusion issued; concerns relate to going concern and CIRP matters.
- Review process limited; reconciliations with trade receivables, investments, borrowings in CIRP.
- Auditors unable to assess ECL/impairment and liabilities due to lack of evidence.
13 Jul 20261 filing
Dematerialisation status
- Securities received for dematerialisation during quarter ended 30 June 2026 were processed and listed.
- Security certificates for dematerialisation were mutilated and cancelled after verification, with depository name substituted as owner.
- Securities have been listed on the stock exchanges where the earlier issued securities are listed.
8 Jul 20262 filings
Outcome and next steps
- NCLT Mumbai Bench on July 7, 2026 rejected the Resolution Plan by Authum Investment & Infrastructure Limited.
- The application for approval of the Resolution Plan stands dismissed.
- Company to take steps under the Insolvency and Bankruptcy Code, 2016.