'Regulation 30 updates w.r.t. Resolution Plan as approved by COC
As filed · MEP Infrastructure Developers Limited has informed the Exchange regarding 'Regulation 30 updates w.r.t. Resolution Plan as approved by COC.
DistressMixedCriticalmateriality 98 out of 100
What happened
FactMEP Infrastructure Developers Limited has informed the Exchange regarding 'Regulation 30 updates w.r.t. Filing of CoC-approved Resolution Plan before Hon’ble NCLT in respect of MEP. We wish to inform you that the Resolution Plan, as approved by the Committee of Creditors (CoC) under.
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; +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%