Cosmic CRF Limited has received a favorable order from the National Company Law Tribunal (NCLT) Delhi Bench for the acquisition of Amzen Transportation Industries Private Limited. The approval marks a significant step for Cosmic CRF Limited in its strategic growth trajectory.
Key Highlights:
- NCLT Ruling: The case, numbered I.A. No. 5392 of 2024 in C.P. (IB) No. 3/ND/2020, was resolved in favor of Cosmic CRF Limited, enabling the acquisition of Amzen Transportation Industries.
- Future Growth: This acquisition is expected to bolster Cosmic CRF’s operational capabilities and propel exponential growth.
- Legal Process: The resolution follows a thorough deliberation involving the Resolution Professional, Committee of Creditors, and other stakeholders. The NCLT order was issued on January 9, 2025.
- Strategic Importance: Cosmic CRF plans to leverage this acquisition to expand its market presence and operational efficiency.
The company highlighted the acquisition as a milestone that aligns with its long-term strategic vision. The management has expressed optimism about the potential growth opportunities this development will unlock.
