Axis Trustee Services Limited, acting on behalf of Blacksoil Capital Private Limited and Blacksoil India Credit Fund, has successfully initiated a Corporate Insolvency Resolution Process (CIRP) against Redkenko Health Tech Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The case, filed before the National Company Law Tribunal (NCLT) Mumbai Bench, centers around an alleged financial default amounting to ₹5.65 crore by the health tech company.
Redkenko Health Tech Private Limited, better known as Kenko Health, had shut operations early this year following a financial and operational crisis. Redkenko Health was a health financing company that provides comprehensive plans covering OPD & IPD…
