Impex Ferro Tech LimitedIMPEXFERRONSE
Corporate Insolvency Resolution Process- Intimation of 29th CoC
As filed · Impex Ferro Tech Limited has informed the Exchange about Corporate Insolvency Resolution Process- Intimation of 29th CoC
DistressDeterioratingCriticalmateriality 100 out of 100
What happened
FactImpex Ferro Tech Limited has informed the Exchange about Corporate Insolvency Resolution Process- Intimation of 29th CoC. Insolvency and Bankrupty Code, 2016 (IBC) for Impex Ferro Tech Limited. (Company), admitting the Company to Corporate Insolvency Resolution.
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%