Closure of Veedol Deutschland GmbH, Germany, a wholly owned subsidiary of the Company, the liquidation has…
As filed · Veedol Corporation Limited has informed the Exchange regarding closure of Veedol Deutschland GmbH, Germany, a wholly owned subsidiary of the Company, the liquidation has now officially been entered in
What happened
FactVeedol Corporation Limited has informed the Exchange regarding closure of Veedol Deutschland GmbH, Germany, a wholly owned subsidiary of the Company, the liquidation has now officially been entered in the German commercial register and thus, the said Company stands closed. (formerly Bombay Stock Exchange Ltd.). liquidation has now officially been entered in the German commercial register and thus, 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%