Aksh Optifibre wins NCLAT stay on insolvency, ₹3.33 cr repayment plan
Ten days after NCLT admitted the company into insolvency on a ₹2 crore claim, the appellate tribunal has paused proceedings, allowing the promoter to repay ₹3.33 crore over six weeks and retain control.
— 2 earlier stories on Aksh Optifibre Ltd. →What's new
- NCLAT stays CIRP against Aksh Optifibre, IRP cannot take further steps.
- Promoter allowed to deposit ₹3.33 crore in instalments over six weeks.
- Company operations continue under IRP supervision; next hearing on August 6, 2026.
Why this matters
For a nano-cap with a market cap of just ₹118 cr and a debt/equity of 6.93, the ₹3.33 cr insolvency trigger was an existential threat. The stay gives the promoter a window to repay and retain control, buying time against other creditor actions.
What we're watching
- Whether the promoter meets the six-week instalment schedule.
- The NCLAT hearing on August 6 for potential dismissal if payment is completed.
- Any follow-up actions from other creditors given the company's high debt-equity ratio.
The full read
Just ten days after the NCLT admitted Aksh Optifibre into insolvency on a ₹2 crore claim, the promoter has secured an interim stay from the NCLAT. The appellate tribunal directed that no further steps be taken under the insolvency order and allowed the promoter to deposit the full debt of ₹3.33 crore (principal plus interest) in instalments over six weeks. Operations will continue under the supervision of the interim resolution professional, but the promoter retains control. For a company with a market cap of just ₹118 crore and a debt/equity of 6.93, the ₹3.33 crore debt is small, but the insolvency was the real threat. This stay removes immediate solvency risk and gives the promoter a path to reverse the CIRP entirely. The next hurdle is the August 6, 2026 hearing, when the tribunal will assess compliance. If the promoter pays on time, the insolvency petition could be dismissed. If not, the stay may be vacated. For now, the existential threat is paused.
Questions answered
- What was the insolvency claim against Aksh Optifibre?
- A creditor filed a claim for ₹2 crore in principal, which with interest totalled ₹3.33 crore, leading the NCLT to admit the company into CIRP on June 19.
- What did the NCLAT order exactly?
- The NCLAT stayed further steps by the interim resolution professional and allowed the promoter to deposit ₹3.33 crore in instalments over six weeks. Operations continue under IRP supervision with promoter assistance.
- What happens if the promoter defaults on the instalments?
- The stay is conditional on payment. If the promoter fails to deposit as directed, the NCLAT could vacate the stay, and the CIRP would resume.
- Is the company out of insolvency now?
- Not yet. The CIRP is paused pending compliance with the repayment order. The final disposal will be at the next hearing on August 6, 2026, after the six-week payment period ends.
- How does this affect other creditors?
- The stay only pauses the current CIRP. Other creditors can still pursue separate actions, but the promoter's repayment plan may reduce overall pressure in the near term.
Aksh Optifibre Ltd.
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All notes on AKSHOPTFBR →- 30 Jun 2026 · 6:15 PM IST Aksh Optifibre wins NCLAT stay on insolvency, ₹3.33 cr repayment plan
- 16d ago Aksh Optifibre forced into insolvency on ₹2 crore claim
- 26d ago Aksh Optifibre cleared for insolvency after NCLT split decision