Jubilant Agri and Consumer Products LimitedJUBLCPLDeterioratingCriticalmateriality 98 out of 100
Hon'ble NCLT Order allowing first motion application
Update 1 of 5 in a matter ongoing since Procedural
Distressinsolvency
As filed
Jubilant Agri and Consumer Products Limited has informed the Exchange about Hon'ble NCLT Order allowing first motion application.
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.