Notice convening meeting of equity shareholders of the Company in accordance with the order of Hon'ble NCLT…
As filed · Go Digit General Insurance Limited has informed the Exchange regarding Notice convening meeting of equity shareholders of the Company in accordance with the order of Hon'ble NCLT, Mumbai Bench
DistressDeterioratingCriticalmateriality 98 out of 100
What happened
FactNotice convening meeting of equity shareholders of the Company in accordance with the order of Hon'ble NCLT, Mumbai Bench. | Registered Office: 1 to 6 Floors, Ananta One (AR One), Pride Hotel Lane, Narveer Tanaji Wadi, City. 2026 (“Order”) issued by the Hon’ble National Company Law Tribunal (“NCLT”) in the Company.
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; +5 quantified amount; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%