Swan Defence and Heavy Industries LimitedSWANDEFDeterioratingCriticalmateriality 98 out of 100
(Formerly known as Reliance Naval and Engineering Limited)
Distressinsolvency
As filed
General Updates
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.