Compuage Infocom LimitedCOMPINFONSE
Intimation of Outcomes of 26th COC meeting
As filed · Compuage Infocom Limited has informed the Exchange about the Intimation of Outcomes of 26th COC meeting
DistressDeterioratingCriticalmateriality 100 out of 100
What happened
FactCompuage Infocom Limited has notified that in the 26th Meeting of the Committee of Creditors, the resolution to file an application before the Hon’ble NCLT for the distribution of funds in the CIRP account and Indian Bank account was not approved due to insufficient voting. However, the resolution to approve the registration cost of the agreement with M/s Ashwamedh Express Pvt Ltd for warehouse services was approved via e-voting.
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%