Impex Ferro Tech Limited has informed the Exchange about Corporate Insolvency Resolution Process
IMPEXFERRO · price
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Awaiting price reaction for this filing.
Impex Ferro Tech Limited has informed the stock exchange that a Corporate Insolvency Resolution Process has been initiated against the company, likely following an NCLT order under the Insolvency and Bankruptcy Code (IBC). An insolvency resolution professional (IRP) is expected to be appointed to take over the management and assess the company's finances. During this process, the board's powers are typically suspended and a moratorium is placed on debt recovery actions by creditors. The company will now work toward either a revival/resolution plan or face liquidation if no viable plan emerges within the IBC-mandated timeline.
This is a major negative event for shareholders — equity value is at high risk of dilution or total write-down if a resolution plan is approved or liquidation occurs. Expect heightened stock price volatility, possible trading suspension, and significant uncertainty about any recovery for existing investors.