The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the Rs 12.80-crore resolution plan submitted by Kanak S. Kewalramani for Sterling Healthcare Limited, bringing an end to the corporate insolvency process for the pharmaceutical company. The tribunal’s order, delivered on 14 November 2025, paves the way for the revival of Sterling Healthcare, which was admitted into the Corporate Insolvency Resolution Process (CIRP) in December 2023.
The resolution plan, which received a 100% vote of approval from the company’s Committee of Creditors (CoC) in January 2025, was upheld by the bench comprising Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar.
The winning bid and…