Vas Infrastructure Limited has officially invited Expressions of Interest (EoI) for resolution plans as part of its ongoing Corporate Insolvency Resolution Process. The process is being managed by the Resolution Professional under NCLT oversight, with the deadline for final resolution plans set for November 23, 2026. This move is a major milestone in determining the company's future, as stakeholders await prospective applicants to facilitate a potential turnaround.
Vas Infrastructure Ltd Invites Resolution Plans
Resolution Professional (RP) Bimal Kumar Agarwal has released Form G, officially inviting Expressions of Interest (EoI) for resolution plans for Vas Infrastructure Limited.
The final date for the submission of these resolution plans is November 23, 2026.
Reader Takeaway: The company has entered the formal bidding phase; outcome remains uncertain, posing significant risks to existing equity value.
What just happened
Vas Infrastructure, currently under the Corporate Insolvency Resolution Process (CIRP), has begun the process of identifying potential resolution applicants. This follows the NCLT Mumbai Bench order from March 11, 2024, which placed the company under the administration of the Resolution Professional. The issuance of Form G is a mandatory regulatory step under the Insolvency and Bankruptcy Board of India (IBBI) guidelines.
Why this matters
This process is the most critical stage of the insolvency timeline. It determines whether a viable buyer or investor will emerge to reorganize the company or if the company will move toward liquidation. Investors now have a defined timeline, ending in late November 2026, to assess whether any concrete interest materializes for the business.
The timeline to track
- October 13, 2026: Last date for receipt of EoI
- October 23, 2026: Issue of final list of prospective resolution applicants
- November 23, 2026: Last date for submission of final resolution plans
Risks to watch
For retail investors, the primary risk is that resolution plans may not be submitted or approved, which could lead to a delisting or liquidation process. Under the Insolvency and Bankruptcy Code, equity holders are often the last to be compensated during corporate insolvency, making the potential recovery for existing shareholders highly speculative.