News ArticleAuthum Investment & Infrastructure and Cosmos Prime Projects Consortium Gains NCLT Approval for Insolvency Resolution of A A Estates Pvt Ltd
Mumbai Bench of NCLT approves the consortium's resolution plan under Insolvency and Bankruptcy Code on October 27, 2026
Authum Investment & Infrastructure Limited along with Cosmos Prime Projects Limited received National Company Law Tribunal approval for their insolvency resolution plan for A A Estates Private Limited as of October 27, 2026. This approval formalizes the consortium's status as the successful resolution applicants under the Insolvency and Bankruptcy Code, 2016.
Authum Investment & Infrastructure Limited
Acquisition / Amalgamation / Merger / Demerger
On October 27, 2026, the National Company Law Tribunal (NCLT), Mumbai Bench, approved the insolvency resolution plan submitted jointly by Authum Investment & Infrastructure Limited and Cosmos Prime Projects Limited for A A Estates Private Limited, formalizing the consortium's takeover as per the Insolvency and Bankruptcy Code, 2016.
The approval by NCLT confirms the acceptance of the resolution plan submitted by the consortium consisting of Cosmos Prime Projects Limited and Authum Investment & Infrastructure Limited for A A Estates Private Limited, a company registered under the Companies Act, 1956.
This approval follows a prior announcement made on January 29, 2026, concerning the consortium's resolution plan submission under the Insolvency and Bankruptcy Code, 2016.
The decision marks a significant step in the insolvency resolution process, with the consortium now authorized to take operational and management control of A A Estates Private Limited subject to applicable legal and regulatory provisions.
Highlights
- NCLT Mumbai Bench approved the resolution plan on October 27, 2026.
- The consortium consists of Cosmos Prime Projects Limited and Authum Investment & Infrastructure Limited.
- The resolution plan was submitted under the Insolvency and Bankruptcy Code, 2016.
- A A Estates Private Limited is incorporated under the Companies Act, 1956, with CIN U70100MH1996PTC101183.
- This marks the formal sanction of insolvency resolution by a tribunal.
- The consortium's resolution plan was previously announced on January 29, 2026.
Key Data Snapshot
What happened
- The National Company Law Tribunal, Mumbai Bench, approved the insolvency resolution plan for A A Estates Private Limited on October 27, 2026.
- The resolution plan was jointly submitted by the consortium of Cosmos Prime Projects Limited and Authum Investment & Infrastructure Limited.
- The approval finalizes the consortium's status as the resolution applicant under the Insolvency and Bankruptcy Code, 2016.
Regulatory and governance context
- The resolution plan was submitted and approved under the Insolvency and Bankruptcy Code, 2016 framework.
- The approval comes from the NCLT, Mumbai Bench.
- A A Estates Private Limited is governed by Companies Act, 1956 provisions.
- The announcement adheres to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements, 2015.
Highlights
- NCLT Mumbai Bench approved the resolution plan on October 27, 2026.
- The consortium consists of Cosmos Prime Projects Limited and Authum Investment & Infrastructure Limited.
- The resolution plan was submitted under the Insolvency and Bankruptcy Code, 2016.
- A A Estates Private Limited is incorporated under the Companies Act, 1956, with CIN U70100MH1996PTC101183.
- This marks the formal sanction of insolvency resolution by a tribunal.
- The consortium's resolution plan was previously announced on January 29, 2026.
Disclosures
- Insolvency and Bankruptcy Code, 2016
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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