SHIRPUR-GSHIRPUR-GNSE
Outcome of the 11th Committee of Creditors meeting held on Wednesday, March 19, 2025
As filed · Shirpur Gold Refinery Limited has informed the Exchange about the outcome of the 11th Committee of Creditors meeting held on Wednesday, March 19, 2025
DistressDeterioratingCriticalmateriality 100 out of 100
What happened
FactShirpur Gold Refinery Limited has informed the Exchange about the outcome of the 11th Committee of Creditors meeting held on Wednesday, March 19, 2025. Committee of Creditors (“COC”) meeting of Shirpur Gold Refinery Limited (“Corporate. (Company under Corporate Insolvency Resolution Process).
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.
Watch next
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; +5 quantified amount; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%