Corporate Insolvency Resolution Process - Post-facto Intimation of the Eighth meeting of Committee…
As filed · Jaiprakash Associates Limited has informed the Exchange about Corporate Insolvency Resolution Process - Post-facto Intimation of the Eighth meeting of Committee ofCreditors (CoC) of Jaiprakash Associa
What happened
FactJaiprakash Associates Limited has informed the Exchange about Corporate Insolvency Resolution Process - Post-facto Intimation of the Eighth meeting of Committee ofCreditors (CoC) of Jaiprakash Associates Limited (Company),which is currently undergoing Corporate Insolvency ResolutionProcess (CIRP). which is currently undergoing Corporate Insolvency Resolution. INR 53.88 Crores against 100%.
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; +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%