Acquisitions11 Dec 2024, 04:53 am
Reliance Strategic Business Ventures Receives NCLT Approval for Karkinos Healthcare Resolution Plan
AI Summary
Reliance Industries Ltd. has announced that the National Company Law Tribunal, Mumbai Bench, has approved the resolution plan submitted by its wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL), for the resolution of Karkinos Healthcare Private Limited under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code, 2016. The approval was given on December 09, 2024, and the company received the intimation on December 10, 2024.
Key Highlights
- Reliance Strategic Business Ventures Limited (RSBVL) has received approval from the National Company Law Tribunal, Mumbai Bench for the resolution of Karkinos Healthcare Private Limited.
- The approval was given under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code, 2016.
- RSBVL is a wholly owned subsidiary of Reliance Industries Ltd.
- The approval was received on December 09, 2024, and the company was intimated on December 10, 2024.