BGR Energy Systems LimitedBGRENERGYDeterioratingCriticalmateriality 100 out of 100
Intimation of Adjournment of Appeal Proceedings before Hon'ble NCLAT
Update 3 of 8 in a matter ongoing since
Distressinsolvency
As filed
BGR Energy Systems Limited has informed the Exchange about the Intimation of Adjournment of Appeal Proceedings before Hon'ble NCLAT
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.