Simbhaoli Sugars LimitedSIMBHALSDeterioratingMinormateriality 45 out of 100
Post-facto Intimation of 1st Meeting of Committee of Creditors
Update 8 of 14 in a matter ongoing since Procedural
Distressinsolvency
As filed
Simbhaoli Sugars Limited is hereby informing the exchange about the Post-facto Intimation of 1st Meeting of Committee of Creditors.
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.