Asian Granito India LimitedASIANTILESDeterioratingCriticalmateriality 98 out of 100
Scheme of Arrangement - Received Hon'ble NCLT Order for convening Meetings of Equity Shareholders, Secured…
Update 1 of 3 in a matter ongoing since Procedural
Distressinsolvency
As filed
Asian Granito India Limited has informed the Exchange about Scheme of Arrangement - Received Hon'ble NCLT Order for convening Meetings of Equity Shareholders, Secured Creditors and Unsecured Creditors
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.