AGS Transact Technologies LimitedAGSTRANSE
Corporate Insolvency Resolution Process
As filed · AGS Transact Technologies Limited has informed the Exchange about Corporate Insolvency Resolution Process
DistressDeterioratingCriticalmateriality 100 out of 100
What happened
FactAGS Transact Technologies Limited has informed the Exchange about Corporate Insolvency Resolution Process. Phiroze Jeejeebhoy Towers, Dalal Street,. E/02/2020/123) have been appointed as the Registered Valuers, for valuation of Land.
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; +2 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%