'This is further to our earlier intimation dated June 13, 2026, in relation to the proposed Scheme of…
As filed · Sammaan Capital Limited has informed the Exchange regarding 'This is further to our earlier intimation dated June 13, 2026, in relation to the proposed Scheme of Arrangement, wherein we had informed t
What happened
FactSammaan Capital Limited has informed the Exchange regarding 'This is further to our earlier intimation dated June 13, 2026, in relation to the proposed Scheme of Arrangement, wherein we had informed that the NCLT, vide its order dated June 12, 2026 ( Order ), had allowed the first motion application filed in connection with the Scheme. New Delhi Bench (“NCLT”) in relation to the proposed scheme of arrangement between Sammaan. wherein we had informed that the NCLT, vide its…
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
- At SCL, our unwavering commitment to Environmental, Social, and Governance (ESG) initiatives will remain a cor (management committed by FY26)
- SCL has set a target of FY32 to achieve Carbon Neutral status. (management committed by FY32)
Evidence
How CapitSignal classified this
- Reasoning:
- INSOLVENCY base 93; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%