The committee of creditors of Vasan Health Care Pvt. Ltd. has approved a resolution bid of around ₹550 crore by Rajasthan-based ASG Hospital Private Ltd. under the insolvency process, according to the sources. The plan would be placed before National Company Law Tribunal (NCLT) Chennai for approval.
Max Vision Eye Hospitals Private Limited, Dr. Agarwals Healthcare Limited had also bid for Vasan Health in the insolvency process.
The clear break-up of ASG’s plan would be known only when it is filed for approval.
