In continuation to our earlier intimation dated June 05, 2025 with respect to the approval of Resolution Plan by the Committee of Creditors and its submission before the Hon'ble National ....
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Cian Healthcare has provided an update following its earlier intimation from June 05, 2025. The Resolution Plan for the company has been approved by the Committee of Creditors (CoC) under the insolvency process. The approved plan has now been submitted before the Hon'ble National Company Law Tribunal (NCLT) for its consideration and final approval. This marks a critical step in the company's corporate insolvency resolution process (CIRP). The company is awaiting the NCLT's order on the plan.
The approval of the Resolution Plan by CoC is a positive step that could lead to the company's revival or change in management/ownership. Shareholders should monitor the NCLT's decision, as approval could significantly impact the stock, while rejection may prolong uncertainty.