The National Company Law Tribunal (NCLT) has reserved its order regarding the Corporate Insolvency Resolution Process (CIRP) initiated against AF Enterprises under Section 7 of the Insolvency and Bankruptcy Code, 2016. The tribunal delivered the order on June 10, 2025, following a hybrid hearing. The company received the official copy of this reserved order on June 19, 2026.

The proceedings stem from an application filed by M/s. Findoc Finvest Pvt. Ltd., the applicant, against AF Enterprises, the respondent. The matter was heard by a bench comprising Justice Jyotsna Sharma, Hon'ble Member (Judicial), and Ms. Anu Jagmohan Singh, Hon'ble Member (Technical). During the hearing, counsel for the Resolution Professional presented arguments, while no representation was present for the applicant.

The order specifically concerns Interlocutory Applications IA/2929/2025 and IA/3731/2025. The tribunal noted that the matter was reserved for orders after hearing the learned counsel for the Resolution Professional. The case is registered under item number 610 with reference numbers IB-537/ND/2023 at the NCLT, New Delhi, Court – VI.

AF Enterprises disclosed this information to BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was read with Schedule III of the regulations. The company is currently undergoing the Corporate Insolvency and Resolution Process.

The following table details the parties involved in the proceedings:

AF Enterprises Chairman Sunil Bharti Mittal has announced the company's ambitious plans to expand its footprint in the United Kingdom, targeting multiple sectors including hospitality and defence technology. This strategic move comes as part of the company's broader growth strategy and is bolstered by the ongoing India-UK Free Trade Agreement negotiations.

Current Investments and Future Plans

AF Enterprises already has significant investments in the UK, including:

• A $4.00 billion stake in BT Group
• Over $1.00 billion invested in the Ennismore hospitality chain

The company is now actively seeking new investment opportunities across various sectors in the UK, signaling its commitment to strengthening its presence in the British market.

Focus on Defence Technology Transfer

Mittal revealed that AF Enterprises is engaged in discussions with UK CEOs regarding the transfer of advanced defence technologies to India. These technologies include:

• Hypersonic missiles
• Drones
• Unmanned Aerial Vehicles (UAVs)

This move could potentially lead to significant partnerships in the defence sector between the two countries.

Leveraging the India-UK Free Trade Agreement

The expansion plans are strategically aligned with the India-UK Free Trade Agreement, which aims to:

• Double bilateral trade to $120.00 billion within five years
• Create new opportunities for businesses in both countries

Mittal plans to meet with British enterprise leaders to showcase opportunities for UK companies in India's public procurement sector under this new trade framework.

AF Enterprises' Multi-Sector Growth Strategy

AF Enterprises' growth strategy encompasses multiple sectors:

1. Telecommunications
2. Hospitality
3. Real Estate
4. Defence partnerships

This diversified approach underscores the company's ambition to establish a strong, multi-faceted presence in the UK market.

As AF Enterprises continues to explore these expansion opportunities, the move is expected to not only benefit the company but also contribute to strengthening economic ties between India and the UK. The focus on technology transfer in the defence sector and the leveraging of the Free Trade Agreement highlight the strategic nature of these investments in fostering long-term bilateral relations.