Vasan Health Care Private Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 3 Feb 2023

Sector Healthcare Bench NCLT Chennai Last process activity 2.2 years ago · tribunal order

Acquired by

ASG Hospital Private Limited

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Chennai bench on a petition by an operational creditor. Current status: Resolved.

Admission to plan approval

5 yr 9 mo

This case

NCLT Chennai median · 1 yr 9 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 99 / 1,536). Pre-packs left out.

The company

Private limited company in Healthcare, registered in Tamil Nadu

Admitted claims

Over ₹2,000 Cr

Where the process stands

Admitted→Expression of Interest invited→Resolution plan approved

How cases like this ended

Healthcare · 51 closed

Resolved 51% · Liquidation 33% · Withdrawn or closed 16%

NCLT Chennai · 681 closed

Resolved 15% · Liquidation 60% · Withdrawn or closed 25%

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 13 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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