Update 1 of 5 in a matter ongoing since Procedural
Distressinsolvency
As filed
Future Enterprises 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
Future Enterprises Limited is currently under Corporate Insolvency Resolution Process. The company has informed that shares of Future Generali India Insurance Company Limited and Future Generali India Life Insurance Company Limited will be transferred on 04 June 2025.
Update 2 of 10 in a matter ongoing since Procedural
Distressinsolvency
As filed
Hindusthan National Glass & Industries Limited has informed the Exchange about Prior intimation of 39th Meeting of Committee of Creditors
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
Hindusthan National Glass & Industries Ltd. has scheduled the 39th Meeting of the Committee of Creditors (CoC) for June 06, 2025, at 05:00 P.M. The notice for this meeting has already been sent to the members of the CoC. This meeting is part of the insolvency proceedings for the company.
With reference to the captioned subject, we would like to inform you that the Company has, on 04th June 2025 received order of Hon ble NCLT, dated 04th June 2025 ( Order ), directing the Company to co
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
SKF India Limited has received an order from the National Company Law Tribunal (NCLT) regarding a Scheme of Arrangement between SKF India Limited and SKF India (Industrial) Limited. Details of the meetings to be held as per the NCLT's directions will be notified in due course. The NCLT Order has been uploaded on its website and a copy is also available on SKF India's website.
