Asian Granito India LimitedASIANTILESDeterioratingCriticalmateriality 93 out of 100
Notice of Court Convened Meeting of Secured Creditors of the Company as per directions of Hon'ble NCLT to…
Update 3 of 3 in a matter ongoing since
Distressinsolvency
As filed
Asian Granito India Limited has informed the Exchange about General Updates - Notice of Court Convened Meeting of Secured Creditors of the Company as per directions of Hon'ble NCLT to approve Scheme.
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.