Pursuant to the Order dated June 04, 2025, ( Order ) the Hon ble National Company Law Tribunal, Mumbai Bench…
As filed · Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI LODR ), we hereby wish to inform that pursuant to the Order dated June 04, 2025, ( Orde
What happened
FactPursuant to the Order dated June 04, 2025, ( Order ) the Hon ble National Company Law Tribunal, Mumbai Bench ( Tribunal / NCLT ) in the Company Scheme Application No. C.A.(CAA)/130(MB)2025 ( Order ), Meeting of the equity shareholders ( Meeting ) of SKF India Limited ( Company or the Demerged Company ) is scheduled to be held on Monday, July 14, 2025 at 11:30 a.m. / NCLT”) in the Company Scheme Application No. C.A.(CAA)/130(MB)2025 (“Order”), Meeting. available on the…
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%