Sonata Software (SONATSOFTW) — Announcement

Sonata Software disclosed that a US court dismissed an involuntary Chapter 7 petition filed by its subsidiary against OBSA Operating Company LLC, which had failed to comply with bankruptcy rules. The creditor subsequently initiated an out-of-court general assignment for creditors under California law to resolve the insolvent debtor's affairs. This resolves the legal matter without financial penalties or settlement costs impacting the company's balance sheet.

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About Sonata Software Limited (SONATSOFTW)

Information Technology · IT - Software · Listed on NSE

Market Cap: ₹7,452.29 Cr P/E: 17.3

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