What's going on at mobile publisher Indiagames?

PocketGamer.biz has been contacted by a source who’s been sent registered documents from the company that seem to suggest some sort of financial restructuring is in process.

Notably, the documents are addressed to the unsecured creditors of Indiagames Limited.

They explain a petition for sanctioning a Scheme of Arrangement between Indiagames and its shareholders for its financial re-organisation is currently working its way through the Indian court system.

Companies who want to oppose the petition - due to be heard on 16th April - are asked to contact either Indiagames or its advocates.

Checking with Indiagames, a source told us it was business as usual, and that any legal communications may have something to do with the transition of Indian accounting standards.

Presumably we'll find out more on 17th April.

Indiagames is one of the largest mobile and online gaming companies in India.

It's majority owned by UTV, an Indian media and entertainment company, which is listed on the Bombay Stock Exchange, and in turn 60 percent owned by The Walt Disney Company (Southeast Asia).

UTV also owns UK-based games publisher Ignition.