Pursuant to the terms of the approved Resolution Plan and upon the recommendation of the Implementation and…
As filed · pursuant to the terms of the approved Resolution Plan and upon the recommendation/approval of the Implementation and Monitoring Committee (IMC), the following persons have been appointed as Directors
What happened
Factpursuant to the terms of the approved Resolution Plan and upon the recommendation/approval of the Implementation and Monitoring Committee (IMC), the following persons have been appointed as Directors on the Board of the Company with effect from 04th June, 2026:Mr. Govind Gopaldas Rathi Mr. Pravin Ratanlal Jain Mr. Sandeep Ramesh Joshi. Reference: Resolution Plan approved by the Hon'ble National Company Law Tribunal (NCLT),. ('IBC') ('Approved Resolution Plan' or '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.
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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; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%