The National Company Law Tribunal (NCLT), Chennai, was informed on Monday that the committee of creditors has voted in favour of a resolution bid submitted by Rajasthan-based ASG Hospital Private Limited for Vasan Health Care Pvt. Ltd. under the insolvency process.
The resolution professional told the tribunal that the lenders had approved the plan in a meeting held on February 8, with 97.9% voting in favour of the bid and sought for approval of the plan. The NCLT has posted the case for further hearing on July 8.
According to sources, ASG Hospital had submitted a bid for ₹550 crore. The other bidders in the fray included MGM Healthcare’s managing director M.K. Rajagopalan in his personal capacity, Dr. Agarwal’s Health Care Ltd. and iLabs India Special Situations Fund.
