Intimation of conditional approval received from BSE Ltd and National Stock Exchange of India Limited for…
As filed · DS Kulkarni Developers Limited has informed the Exchange about Intimation of conditional approval received from BSE Ltd and National Stock Exchange of India Limited for listing of 1,00,00,000 equity s
What happened
FactDS Kulkarni Developers Limited has informed the Exchange about Intimation of conditional approval received from BSE Ltd and National Stock Exchange of India Limited for listing of 1,00,00,000 equity shares of Rs. 10 each allotted pursuant to approved resolution plan by Hon'ble NCLT Mumbai bench vide order dated 23rd June 2023. Rs. 10/- each allotted pursuant to Resolution plan approved by Hon’ble NCLT. pursuant to Resolution plan approved by Hon’ble NCLT Mumbai Bench vide…
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; +2 corroborating keywords; +5 quantified amount; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%