Dalmia Bharat Sugar and Industries LimitedDALMIASUGNSE
'Approval of Scheme of Amalgamation by NCLT Order'
As filed · Dalmia Bharat Sugar and Industries Limited has informed the Exchange regarding 'Approval of Scheme of Amalgamation by NCLT Order'.
DistressDeterioratingCriticalmateriality 98 out of 100
What happened
FactDalmia Sugars has received a certified copy of an order related to its insolvency proceedings. The company will be dissolved once this order is filed with the Registrar of Companies. The filing is made in accordance with SEBI regulations.
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; +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%