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NCLT Approves Resolution Plan After Higher Bid Wins Swiss Challenge
Case Law Details
- Case Name
- L&T Finance Limited Vs Sterling Healthcare Limited (NCLT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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L&T Finance Limited Vs Sterling Healthcare Limited (NCLT Mumbai)
The application was filed on 1 February 2025 by the Resolution Professional (RP), seeking approval of the Resolution Plan dated 24 January 2025 for Sterling Healthcare Limited under Sections 30(6) and 31(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) and Regulation 39(4) of the CIRP Regulations. The plan, submitted by Mrs. Kanak S. Kewalramani, was approved unanimously with 100% voting share at the Committee of Creditors’ (CoC) 14th meeting on 25 January 2025. The Corporate Debtor, incorporated in 200...
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