Disclosure under Corporate Insolvency Resolution Process (CIRP) pursuant to Regulation 30 of The Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cian Healthcare Ltd, currently under Corporate Insolvency Resolution Process (CIRP), informed that a stay order has been granted by the Sole Arbitrator (Adv. Bhalchandra Nikte) in an arbitration matter arising from Arbitration Petition No. 128/2023 filed before the Bombay High Court. The Resolution Professional, Roshen Chordiya, communicated to the arbitrator about the ongoing CIRP via email on May 22, 2025, after which the arbitrator acknowledged the CIRP and granted the stay. The company is under CIRP with a Resolution Professional already appointed, indicating insolvency proceedings were admitted by NCLT prior to this filing. The company has committed to updating stakeholders on further developments.
The stay halts the arbitration proceedings temporarily due to the ongoing insolvency process, which is standard under IBC rules. This does not change the financial position of shareholders but confirms the company remains in insolvency resolution with legal actions against it paused, prolonging uncertainty for equity holders who may face significant dilution or write-off depending on the resolution plan.