Aksh Optifibre Update: NCLAT Halts CIRP Steps, Company Operations to Continue Under IRP Supervision
Aksh Optifibre's promoter appealed the CIRP order. NCLAT on June 30, 2026, halted further CIRP steps and ordered operations to continue under IRP supervision. The promoter will deposit ₹3.33 crore. The next hearing is on August 06, 2026.
The NCLAT's intervention to halt further CIRP steps and allow operations to continue under supervision provides some stability in the short term. However, the ongoing insolvency process and the requirement for significant deposits introduce ongoing uncertainty and potential financial strain.
The NCLAT's order provides a temporary reprieve by halting further CIRP steps and allowing operations to continue under supervision, which is a neutral development. However, the underlying CIRP process is still active, and the final outcome remains uncertain.
Aksh Optifibre Limited has announced an update regarding the Corporate Insolvency Resolution Process (CIRP). The Promoter of the company has filed an appeal before the Hon'ble National Company Law Appellate Tribunal (NCLAT) against the order of the Hon'ble National Company Law Tribunal (NCLT), Jaipur Bench. The NCLAT, on June 30, 2026, directed that the Interim Resolution Professional (IRP) should not take further steps based on the NCLT's order. The NCLAT clarified that the company's affairs and operations will continue under the supervision of the IRP, with assistance from the Appellant, other officers, and employees.
This development follows the earlier disclosure on June 20, 2026, regarding the commencement of the CIRP. The NCLAT's order on June 30, 2026, also noted that the Appellant is ready to deposit ₹2 crore as principal plus interest totaling ₹3,33,14,075. The Appellant is permitted to deposit ₹2 crore within three weeks and the remaining amount within a further three weeks. The NCLAT has listed the matter for further hearing on August 06, 2026. Aksh Optifibre Limited remains committed to safeguarding the interests of all stakeholders.
What to do with a filing like this
Aksh Optifibre Limited filed this with the NSE as a statutory disclosure, categorised under corporate insolvency resolution process. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Aksh Optifibre Limited. Read the original for the full detail.