PUNJLLOYDPUNJLLOYDNSE
Corporate Insolvency Resolution Process : Compliance under SEBI Circular No. SEBI/CFD/CIR/2019//140…
As filed · Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : Compliance under SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019//140 datedNovember 21, 2019
DistressMixedCriticalmateriality 100 out of 100
What happened
FactPunj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : Compliance under SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019//140 datedNovember 21, 2019. Corporate Insolvency Resolution Process (CIRP) in Punj Lloyd Limited (the Company) under. Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC).
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%