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Updater Services LimitedUDS19:39DeterioratingCritical

Scheme of Amalgamation between Updater Services Limited (''Transferee'') and Stanworth Management Private…

Distressinsolvency

As filed

Updater Services Limited has informed the Exchange about Scheme of Amalgamation between Updater Services Limited (''Transferee'') and Stanworth Management Private Limited and Tangy Supplies & Solution

Why it matters

CapitSignal interpretation

Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.

What happened

Fact

Updater Services Limited has informed the Exchange about Scheme of Amalgamation between Updater Services Limited (''Transferee'') and Stanworth Management Private Limited and Tangy Supplies & Solutions Private Limited (together referred to as ''Transferor Companies'') of Transferor and their respective shareholders, pursuant to the provisions of Section 230 to 232 of the Companies Act, 2013 and any other applicable provisions of the Companies Act, 2013 ("Scheme") approved…

Full analysis Company memory

FSN E-Commerce Ventures Ltd.NYKAA16:16DeterioratingCritical

Order dated May 9, 2025 (Order) of the Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT), for…

Distressinsolvency

As filed

FSN E Commerce Ventures Limited has informed the Exchange about Order dated May 9, 2025 (Order) of the Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT), for approval of Scheme of Arrangement

Why it matters

CapitSignal interpretation

Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.

What happened

Fact

FSN E Commerce Ventures Limited has informed the Exchange about Order dated May 9, 2025 (Order) of the Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT), for approval of Scheme of Arrangement (Scheme), involving demerger of e-B2B business from FSN Distribution Limited to Nykaa E- Retail Limited. Mumbai Bench (“NCLT”) vide its Order dated May 9, 2025 (“Order”), has approved the. NCLT as well as on the Company’s website at https://www.nykaa.com/investor-relations/lp.

Full analysis Company memory

Ramkrishna Forgings Ltd.RKFORGE13:37DeterioratingCritical

'Hon''ble NCLT, Kolkata Bench Order dated 27 March, 2025 w.r.t approval of Scheme of Amalgamation of ACIL…

Distressinsolvency

As filed

Ramkrishna Forgings Limited has informed the Exchange regarding 'Hon''ble NCLT, Kolkata Bench Order dated 27 March, 2025 w.r.t approval of Scheme of Amalgamation of ACIL Limited, Wholly-owned Subsidia

Why it matters

CapitSignal interpretation

Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.

What happened

Fact

Ramkrishna Forgings Limited has informed the Exchange regarding 'Hon''ble NCLT, Kolkata Bench Order dated 27 March, 2025 w.r.t approval of Scheme of Amalgamation of ACIL Limited, Wholly-owned Subsidiary with the Company has been filed with Registrar of Companies and accordingly ACIL Limited ceases to be a Wholly-owned Subsidiary of the Company.'. Phiroze Jeejeebhoy Towers,. Companies Act, 2013 and the rules framed thereunder has been approved by the Hon’ble NCLT,.

Full analysis Company memory

TECHINTECHIN13:24DeterioratingMinor

Corporate Insolvency Resolution Process

Update 3 of 7 in a matter ongoing since 23 Mar 2025Procedural

Distressinsolvency

As filed

Techindia Nirman Limited has informed the Exchange about Corporate Insolvency Resolution Process

Why it matters

CapitSignal interpretation

Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.

What happened

Fact

Techindia Nirman Limited has informed the Exchange about Corporate Insolvency Resolution Process. Corporate Insolvency Resolution Process). Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for.

Full analysis Company memory

Saturday, 10 May 2025

Latest

Saturday, 10 May 2025

Scheme of Amalgamation between Updater Services Limited (''Transferee'') and Stanworth Management Private…

Why it matters

What happened

Order dated May 9, 2025 (Order) of the Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT), for…

Why it matters

What happened

'Hon''ble NCLT, Kolkata Bench Order dated 27 March, 2025 w.r.t approval of Scheme of Amalgamation of ACIL…

Why it matters

What happened

Corporate Insolvency Resolution Process

Why it matters

What happened

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