MEP Infrastructure Developers Limited has informed the Exchange about Corporate Insolvency Resolution Process
MEP · price
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MEP Infrastructure Developers Limited has informed the stock exchange that the company has been admitted into the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. This typically means a financial creditor, operational creditor, or the company itself filed an insolvency petition before the NCLT, and the tribunal has admitted it for resolution. An interim resolution professional is likely appointed to manage the company's affairs and formulate a revival plan. The stock may have already been moving to the lowest circuit or relegated to the 'Z' category as per exchange rules.
This is a serious negative event for shareholders — the CIRP usually halts normal operations, existing equity may be heavily diluted or wiped out during resolution, and lenders gain priority over shareholders in recovery.