Highlights
- The National Company Law Tribunal has approved a resolution plan for Karkinos Healthcare Private Limited, a financially distressed oncology company based in Mumbai.
- Reliance Strategic Business Ventures Limited has acquired Karkinos Healthcare Private Limited for ₹200 crore, which includes the settlement of 100% of creditors’ dues.
- The Corporate Insolvency Resolution Process was completed within 180 days, ensuring uninterrupted operations and patient care, with Reliance Strategic Business Ventures proposing to implement the Resolution Plan within sixty days of receiving the Plan Approval Order.
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