MEP Infrastructure Developers Limited has informed the Exchange about Corporate Insolvency Resolution Process
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Awaiting price reaction for this filing.
MEP Infrastructure Developers Limited has informed NSE that a Corporate Insolvency Resolution Process has commenced against the company. This typically follows an order from the National Company Law Tribunal (NCLT) admitting the company into insolvency under the Insolvency and Bankruptcy Code. Under CIRP, an insolvency professional takes over the management and works on a resolution plan to revive the company or liquidate assets to repay creditors. Trading in the company's shares is usually moved to the 'T' group (restricted trade category) on exchanges during this period. The company's existing board is suspended and the resolution professional controls operations.
Very negative for shareholders — in insolvency, equity holders are the last priority for repayment after creditors, and existing shares are often heavily diluted or rendered worthless if resolution/liquidation does not favour them. Expect high volatility and possible trading restrictions.