Closure of Sandur Pellets Private Limited, Wholly Owned Subsidiary through voluntary liquidation
As filed · Sandur Manganese & Iron Ores Limited has informed the Exchange about closure of Sandur Pellets Private Limited, Wholly Owned Subsidiary through voluntary liquidation
DistressDeterioratingCriticalmateriality 93 out of 100
What happened
FactSandur Manganese & Iron Ores Limited has informed the Exchange about closure of Sandur Pellets Private Limited, Wholly Owned Subsidiary through voluntary liquidation. alia, considered and accorded its approval to initiate voluntary liquidation of Sandur Pellets Private. Liquidation Process) Regulations, 2017.
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%