Astron Paper & Board Mill LimitedASTRONNSE
Astron Paper creditors reject both proposed resolution professional appointments
As filed · Astron Paper & Board Mill Limited has informed the Exchange about Corporate Insolvency Resolution Process
DistressDeterioratingNotablemateriality 62 out of 100
What happened
FactThe Committee of Creditors rejected resolutions to appoint Mr. Navin Khandelwal and Mr. Atul Sheth as Resolution Professional. E-voting for the fifth CoC meeting concluded at 6:00 PM on October 07, 2026.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
Evidence
How CapitSignal classified this
- Reasoning:
- The rejection leaves the appointment of a Resolution Professional unresolved, which may affect progress of Astron Paper & Board Mill's corporate insolvency resolution process.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%