Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and…
As filed · Info Edge (India) Limited has informed the Exchange about Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 20
RegulatoryWatchNotablemateriality 61 out of 100
What happened
FactInfo Edge (India) Limited has filed an appeal before the Hon’ble NCLAT against an order from the Hon’ble National Company Law Tribunal that required meetings of equity shareholders and creditors for scheme approval. The NCLAT has allowed the appeal and dispensed with the need for these meetings. A copy of the judgment is available on the NCLAT website and the company's website.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
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Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
Evidence
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%