Cosmic CRF Ltd — Important, 10-10-2025: Company Update

Cosmic CRF Limited is navigating a significant legal matter concerning its eligibility under Section 29A of the Insolvency and Bankruptcy Code. Following a Supreme Court directive, the National Company Law Appellate Tribunal (NCLAT) has reopened the debate, acknowledging that Cosmic CRF was not previously given an opportunity to present its case regarding its eligibility. The company has filed an affidavit to address these concerns, and NCLAT has scheduled further hearings, allowing all parties to file detailed replies on this crucial eligibility issue. This development means the company now has a chance to formally defend its position.