Cosmic CRF Ltd — Important, 13-03-2026: Company Update

Cosmic CRF Limited reports a key legal development. The National Company Law Appellate Tribunal (NCLAT) has reaffirmed its earlier ruling, declaring Cosmic CRF ineligible under IBC Section 29A for the resolution process of Amzen Transportation Industries. This decision was influenced by the Tribunal's finding that Cosmic CRF and its promoters maintained de facto control over Cosmic Ferro Alloys Limited (CFAL) even after its resolution. Cosmic CRF has appealed this order to the Supreme Court of India. This legal challenge impacts the company's ability to participate in insolvency proceedings, which could affect future business opportunities and shareholder value.