Notice of NCLT convened meeting of the Unsecured Creditors of the Company to be held on Monday, September 7…
As filed · Marathon Nextgen Realty Limited has informed the Exchange about the Notice of NCLT convened meeting of the Unsecured Creditors of the Company to be held on Monday, September 7, 2026 at 12:30 p.m. purs
What happened
FactMarathon Nextgen Realty Limited has informed the Exchange about the Notice of NCLT convened meeting of the Unsecured Creditors of the Company to be held on Monday, September 7, 2026 at 12:30 p.m. pursuant to the order dated July 2, 2026 passed by the Hon'ble National Company Law Tribunal, Mumbai Bench. Towers, Dalal Street,. by the National Company Law Tribunal, Mumbai Bench (NCLT) in the Company Application No. (C.A.
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.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Pricing
Revisedwe’ve seen similar, or probably percentage or 2% more, increment in pricing in Futurex as well
we have seen an escalation of almost 5%–6% in price
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
- We have always had our EBITDA margins of 30-35% as a target for acquiring projects. (management committed by FY27)
- most likely the surplus capital that we have currently will be fully deployed in this financial year. (management committed by FY27)
Evidence
- Marathon Nextgen Realty Limited has informed the Exchange about the Notice of NCLT convened meeting of the Equity Shareholders of the Company to be held on Monday, September 7, 2026 at 11:00 a.m. pursuant to the order dated July 2, 2026 passed by the Hon'ble National Company Law Tribunal, Mumbai Bench.(opens the original filing in a new tab)
- Earlier statement · Q2 FY26
- Latest statement · Q2 FY26
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%