Aksh Optifibre enters CIRP in 2026: Key facts

What the NCLT Jaipur order changes

Aksh Optifibre Ltd has been admitted into the Corporate Insolvency Resolution Process (CIRP) following an order of the National Company Law Tribunal (NCLT), Jaipur Bench. The order was pronounced on June 19, 2026, and it formally moves the company into the insolvency resolution framework under the Insolvency and Bankruptcy Code (IBC).

The immediate operational implication is a change in control. With the commencement of CIRP, the company’s management and board powers relating to day-to-day control move to the Interim Resolution Professional (IRP), as provided under the IBC.

The order also triggers a moratorium under Section 14 of the IBC. This typically restricts legal proceedings, recovery actions, and certain transactions involving the corporate debtor’s assets during the CIRP period.

Why the company was admitted into CIRP

The CIRP admission followed a petition filed by Shantanu Investments Private Limited, described in the shared note as a financial creditor. The petition alleged non-payment of dues by Aksh Optifibre.

However, the material provided contains different figures for the claimed default. One section states Shantanu Investments alleged non-repayment of ₹3.33 crore. Other parts of the same note state the insolvency proceedings were initiated due to a ₹2 crore claim (₹2,00,00,000) plus interest.

Based on the information provided, the admission into CIRP is tied to the creditor’s Section 7 filing and the tribunal’s decision to allow the insolvency process to proceed.

Split decision, third member, and the “maintainable” finding

The NCLT proceeding involved differing views within the tribunal, as described in the article data. The note states that after a division bench delivered differing opinions, a third member was appointed.

According to the shared text, the third member concurred with the Technical Member, and the matter was referred back to the original bench for appropriate orders in accordance with law. Following this, the insolvency application was held to be maintainable, which enabled the CIRP admission.

This sequence matters because it clarifies that the current CIRP status is linked not only to the creditor’s claim, but also to the tribunal’s internal adjudication path that culminated in admission.

Moratorium under IBC Section 14: what gets paused

With the CIRP commencement, a moratorium under IBC Section 14 is now in effect, as stated in the shared material. The note adds that this has the effect of pausing certain legal actions and restricting asset transfers.

In practical terms, such a moratorium generally aims to preserve the corporate debtor’s assets while creditors and the resolution professional run a structured process. It also establishes a more formal route for stakeholders to submit claims, rather than pursuing parallel recovery actions.

The provided text also highlights that the moratorium affects company control and operations, and that the focus shifts to developing and approving a resolution plan under the IBC framework.

IRP appointment and shift in management control

A key consequence of CIRP admission is that management control shifts to the IRP. The article data explicitly says the company’s administrative control has moved to the Interim Resolution Professional.

The note also names the IRP as Praveen Kumar Singhal. As per the text, the company’s operations, assets, and liabilities will be managed under the IBC framework as the process unfolds.

This is also the point at which creditor claims are formally invited, and the resolution professional begins collating liabilities and verifying claims for the committee of creditors process.

Public announcement and claims window

The shared note lists a CIRP public announcement item titled “Public Announcement for CIRP and Invitation of Claims” dated 20 Jun, 2026 | 12:02 PM.

It also states that creditors are invited to submit their claims by July 3, 2026. This claims submission window is an important procedural milestone because it determines who participates in the verification process and the subsequent committee of creditors formation.

Alongside this, the note includes an item titled “Admission of Application u/s 7 of Insolvency and Bankruptcy Code of India (IBC)” dated 10 Jun, 2026 | 02:40 PM, which provides additional timeline context in the same dataset.

Company’s stated response: NCLAT appeal

The provided material says Aksh Optifibre has filed an appeal before the National Company Law Appellate Tribunal (NCLAT) against the order that deemed the insolvency application maintainable.

It also states that the company’s management believes the order contains errors and is challenging it. This introduces a continuing legal track alongside the ongoing insolvency process as recorded in the note.

From a shareholder and creditor perspective, this is relevant because appellate proceedings can affect timelines and legal clarity, even while CIRP steps such as claim collection and IRP-led administration proceed.

Corporate and investor contact details cited in the note

The shared text includes corporate details that are typically relevant for stakeholders during CIRP.

• Registered Office: F-1080, RIICO Industrial Area, Phase-III, Bhiwadi, Rajasthan 301019
• Telephone: 01493-221333 | Fax: 01493-221329
• Email: investor.relations@akshoptifibre.com
• Website: http://www.akshoptifibre.com

Registrar details in the note point to a Hyderabad address: Selenium Tower B, Plot No. 31-32, Gachibowli Financial District, Nanakramguda, Hyderabad 500032, Telangana, with telephone numbers including 040-67161500.

Market snapshot and company profile mentioned

Aksh Optifibre is described in the provided text as a company that designs, manufactures, and sells optical fiber cables in India and internationally. Another segment notes it was incorporated in 1986 and is involved in optical fibre, optical fibre cable, FRP rods, and related products, along with services such as e-governance and FTTH.

The shared market data points to small-cap metrics, including market cap of ₹129 crore, face value ₹5, and ROE -20.6%. It also includes trading references such as high/low ₹15.0/₹7.00.

For price, the note contains multiple values: it states ₹7.95 as of 23 Jun, 2026, also shows ₹7.92 as “Current Price” in a snapshot, and separately includes a line stating the “current share price” is ₹6.17. These reflect the figures available in the supplied text and may come from different timestamps or feeds.

Key facts table

What investors and stakeholders typically track next

With CIRP underway, the immediate tracking points in the provided information are the claims submission deadline and IRP-led administration. The shift in control to the IRP and the moratorium are central changes that can affect ongoing litigation, enforcement actions, and business decisions.

The other key variable flagged in the text is the company’s NCLAT appeal, since the company has publicly indicated it is contesting the maintainability finding and associated orders. Any further orders or hearings will be important milestones for stakeholders following the process.

Conclusion

Aksh Optifibre’s admission into CIRP by the NCLT Jaipur Bench from June 19, 2026 marks a formal change in governance and process, with an IRP in charge and a Section 14 moratorium in force. The next confirmed steps in the provided data are the claims process, including the July 3, 2026 deadline, and the parallel appellate challenge at the NCLAT.