Panacealife Healthzone Private Limited

Corporate insolvency resolution — resolution plan approved · source: NCLT order, 14 Dec 2021

Sector Healthcare Bench NCLT Allahabad

Acquired by

City Hospital

Named in the NCLT plan-approval order.

Case record

at a glance

Admitted by the Allahabad bench on a petition by a financial creditor. Current status: Resolved.

Admission to plan approval

1 yr 3 mo

This case

NCLT Allahabad median · 1 yr 8 mo

All India median · 1 yr 8 mo

Medians: time from admission to plan approval, over closed cases (n = 44 / 1,536). Pre-packs left out.

The company

Private limited company in Healthcare, registered in Uttar Pradesh

Admitted claims

Under ₹10 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Resolved 51% · Liquidation 33% · Withdrawn or closed 16%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 Allahabad · 167 closed

Resolved 26% · Liquidation 34% · Withdrawn or closed 40%

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Admitted claims & creditor classesRecovery, haircut & plan valueCommittee of creditorsFinancialsCompany & MCA recordTimeline & key dates · 3 tribunal ordersProfessionalsBenchmarks against this caseIntelligence note

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