In continuation to our earlier intimation dated July 01, 2025 with respect to the approval of Resolution Plan by the Committee of Creditors and its subsequent submission before the Hon''ble ....
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Cian Healthcare, which is currently under the Corporate Insolvency Resolution Process (CIRP), informed BSE about a hearing at the NCLT Mumbai Bench-VI for the consideration and approval of its Resolution Plan. The Resolution Plan was first approved by the Committee of Creditors on May 9, 2025, and was submitted to the NCLT on May 23, 2025. Today's hearing (August 5, 2025) concluded without a final decision, and the next date of hearing has been scheduled for August 6, 2025. Resolution Professional Roshen Chordiya is overseeing the process on behalf of the company.
The stock remains under insolvency resolution and the outcome of the August 6 NCLT hearing is critical for shareholders — approval would set the path for revival and potential recovery, while any further delay or rejection would prolong uncertainty and risk additional value erosion.