Corporate Insolvency Resolution Process

Aksh Optifibre Limited has announced the commencement of its Corporate Insolvency Resolution Process (CIRP) following an order from the National Company Law Tribunal (NCLT), Jaipur Bench. The CIRP officially began on June 19, 2026, with Praveen Kumar Singhal appointed as the Interim Resolution Professional. Creditors are invited to submit their claims against the company by July 03, 2026. This development signifies severe financial distress for Aksh Optifibre, indicating its inability to meet financial obligations. For investors, this typically implies a high risk of value erosion or potential complete loss of their equity investment as the company undergoes a formal resolution process.