Brand Concepts LimitedBCONCEPTSDeterioratingCriticalmateriality 98 out of 100
Receipt of Certified True Copy of Order sanctioning the scheme of Merger by Hon'ble NCLT of IFF Overseas…
Distressinsolvency
As filed
Brand Concepts Limited has informed the Exchange about the receipt of Certified True Copy of Order sanctioning the scheme of Merger by Hon'ble NCLT of IFF Overseas Private Limited ( Transferor Company
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.