Compuage Infocom LimitedCOMPINFONSE
Publication of Advertisement in Singapore notifying Singapore Creditors of initiation of CIRP of Compuage…
As filed · Compuage Infocom Limited has informed the Exchange about the Publication of Advertisement in Singapore notifying Singapore Creditors of initiation of CIRP of Compuage Infocom Limited and appointment o
DistressDeterioratingCriticalmateriality 100 out of 100
What happened
FactCompuage Infocom Limited has initiated the Corporate Insolvency Resolution Process (CIRP) and appointed Mr. Gajesh Labhchand Jain as a foreign representative, as per a Singapore High Court order. An advertisement has been published in Singapore to notify creditors and invite them to submit their claims by 19 April 2025. The notice is also available on the company's website.
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; +3 quantified percentage; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%