Aban Offshore Limited's Corporate Insolvency Resolution Process (CIRP) appeal hearing has been adjourned by the National Company Law Appellate Tribunal (NCLAT) Chennai. The tribunal issued an order on April 10, 2026, postponing the proceedings to June 2, 2026.

Official Communication to Stock Exchanges

The company formally communicated the tribunal's order to both BSE Limited and National Stock Exchange of India Limited on April 16, 2026. The communication was signed by Shailesh Desai, the Resolution Professional, maintaining transparency with stakeholders and ensuring regulatory compliance during the ongoing insolvency proceedings.

Case Details and Parties Involved

The appeal, filed under Company Appeal (AT) (CH) (Ins) No.477/2025, involves Reji Abraham, the suspended Managing Director of Aban Offshore Limited, as the appellant. The case is contested against Punjab National Bank and another respondent in connection with the company's ongoing CIRP proceedings.

Adjournment Details

The NCLAT Chennai granted the adjournment request made by the appellant's counsel, Mr. Sumesh Dhawan, who cited prior professional engagements as the reason for seeking postponement. The tribunal, presided over by Justice Sharad Kumar Sharma (Member Judicial) and Jatindranath Swain (Member Technical), accepted the request and scheduled the matter for June 2, 2026, under the caption 'For orders'.

Interim Order Continuity

A significant aspect of the tribunal's order is the continuation of existing interim orders. The NCLAT specifically stated that any interim orders previously passed by the tribunal shall remain in effect until the next hearing date. This ensures that the current legal status and operational framework under the CIRP proceedings remain unchanged during the adjournment period.

Company's Current Status

Aban Offshore Limited continues to operate under the Corporate Insolvency Resolution Process, with Shailesh Desai serving as the Resolution Professional. The company's formal communication to stock exchanges demonstrates ongoing compliance with regulatory requirements and maintains transparency with stakeholders throughout the insolvency proceedings.

Aban Offshore Limited has submitted its quarterly compliance certificate to the stock exchanges for the quarter ended March 2026, fulfilling regulatory requirements under SEBI depositories regulations. The company, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), filed the necessary documentation with both BSE and NSE on April 08, 2026.

Regulatory Compliance Filing

The certificate was filed pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation mandates companies to provide quarterly confirmations regarding their compliance with dematerialization processes and related depositories requirements.

Certificate Confirmation

The compliance certificate was issued by Cameo Corporate Services Limited, which serves as the Registrar and Share Transfer Agent for Aban Offshore Limited. The certificate confirms that securities received from depository participants for dematerialization during the quarter ended March 31, 2026, were properly processed and confirmed to the depositories.

Key confirmations in the certificate include:

• Securities received for dematerialization were accepted or rejected as appropriate
• All securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization have been mutilated and cancelled after due verification
• Names of depositories have been substituted in the register of members as registered owners within stipulated time limits

Corporate Status and Filing Authority

The filing was made by Shailesh Desai, who serves as the Resolution Professional for Aban Offshore Limited. Desai holds IBBI Registration No. IBBI/IPA-001/IP-P00183/2017-18/10362 and is authorized to act on behalf of the company during the ongoing CIRP proceedings.

The submission demonstrates the company's continued adherence to regulatory requirements despite being under insolvency resolution proceedings, ensuring transparency and compliance with SEBI depositories regulations for the benefit of shareholders and market participants.