A.F. Enterprises Ltd — Updates, 05-05-2025: Company Update

AF Enterprises Limited has announced a board meeting. The company is undergoing Corporate Insolvency Resolution Process (CIRP) initiated following a loan default case filed by Findoc Finvest Private Limited. The National Company Law Tribunal admitted the CIRP application due to AF Enterprises' failure to repay a loan of Rs. 2.30 Cr along with unpaid interest and penal charges totaling Rs. 2.44 Cr. Mr. Sumit Sharma has been appointed as Interim Resolution Professional to manage the insolvency process. This development signals financial distress and will impact stakeholders as the resolution process unfolds.