Mangalore Chemicals & Fertilizers Limited (Transferor Company ) and Paradeep Phosphates
As filed · General Updates
DistressDeterioratingCriticalmateriality 98 out of 100
What happened
FactMangalore Chemicals & Fertilizers Limited (Transferor Company ) and Paradeep Phosphates. Limited (Transferee Company) and their respective Shareholders and Creditors. Bengaluru Bench (“NCLT Bengaluru”), has passed an order dated September 24, 2025.
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%