Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015…
As filed · Universus Photo Imagings Limited has informed the Exchange about General Updates -Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Appeal file
What happened
FactUniversus Photo Imagings Limited has received an appeal filed by shareholder Mr. Ankit Jain before the Hon’ble National Company Law Appellate Tribunal, challenging the order of the Hon’ble National Company Law Tribunal that dismissed his petition in favor of the Company. The Company has provided additional disclosure in compliance with SEBI regulations. The information stated is confirmed to be true and complete by the undersigned.
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; +5 quantified amount; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%