Brief: Cura Technologies' Auditor Says On Account Of Accumulated Losses, Co's Paid-Up Capital, Reserves Has Substantially Eroded

Cura Technologies

15/11/2018 05:40

Nov 15 (Reuters) - CURA Technologies Ltd  CURA.NS :
    * AUDITOR SAYS CO HAS DEFAULTED IN REPAYMENT OF INTEREST IN
CASE
OF TERM LOAN WHICH HAS BEEN CLASSIFIED AS NPA BY BANK
    * CURA TECHNOLOGIES' AUDITOR SAYS ON ACCOUNT OF ACCUMULATED
LOSSES, PAID-UP CAPITAL AND RESERVES OF CO HAS SUBSTANTIALLY
ERODED
    * AUDITOR SAYS THESE CONDITIONS WOULD CAST DOUBT ABOUT CO'S
ABILITY TO CONTINUE AS A GOING CONCERN

Source text: http://bit.ly/2B8lF2P
Further company coverage:  CURA.NS 

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