PUNJLLOYDPUNJLLOYDNSE
Corporate Insolvency Resolution Process : With reference to the above captioned subject we hereby submit the…
As filed · Punj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : With reference to the above captioned subject we hereby submit the soft copy of the 31st Annual General Mee
DistressDeterioratingCriticalmateriality 95 out of 100
What happened
FactPunj Lloyd Limited has informed the Exchange about Corporate Insolvency Resolution Process : With reference to the above captioned subject we hereby submit the soft copy of the 31st Annual General Meeting Notice and Annual Report for the financial year 2018 - 2019 as per Regulation 34(1) of SEBI (LODR) Regulations, 2015. For PUNJ LLOYD LIMITED- (In Liquidation).
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; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%