Sonata Software Ltd.SONATSOFTWDeterioratingCriticalmateriality 98 out of 100
Sanction of Scheme of Arrangement and Amalgamation by Hon'ble NCLT Chennai Bench
Distressinsolvency
As filed
Sonata Software Limited has informed the Exchange about sanction of Scheme of Arrangement and Amalgamation by Hon'ble NCLT Chennai Bench
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.