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Cosmic CRF LtdImportant, 30-05-2026: Company Update

30-05-2026 | 09:36 pm

Cosmic CRF Limited has received a favorable final order from the Supreme Court of India. The Court ruled that the company and its connected persons are not disqualified under insolvency laws for submitting a resolution plan. This decision overturns previous appellate tribunal orders, which had declared Cosmic CRF ineligible and halted its participation in the Corporate Insolvency Resolution Process (CIRP) of Amzen Transportation Industries Private Limited. As a result, Cosmic CRF is now eligible, and its resolution plan for Amzen Transportation can proceed as per law. This clears a major legal hurdle for the company, affirming its capacity for future acquisitions through resolution plans.

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