Corporate Insolvency Resolution Process regarding Post facto intimation of the 2nd (Second) Meeting of the…
As filed · DPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process regarding Post facto intimation of the 2nd (Second) Meeting of the Committee of Creditors (CoC) of India Power Corp
What happened
FactDPSC Limited has informed the Exchange about Corporate Insolvency Resolution Process regarding Post facto intimation of the 2nd (Second) Meeting of the Committee of Creditors (CoC) of India Power Corporation Limited (IPCL). Post facto intimation of the 2nd (Second) Meeting of the Committee of Creditors (CoC) of. admission of the petition for initiation of Corporate Insolvency Resolution Process ( CIRP) against India.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
Evidence
How CapitSignal classified this
- Reasoning:
- INSOLVENCY base 93; +4 corroborating keywords; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%