Wootu Nutrition Pvt Ltd, a chain of diet and nutrition clinics, filed a Section 10 application under the IBC, 2016, for initiating CIRP against itself. The company faced severe financial distress due to unprecedented revenue loss from the Covid-19 pandemic, subsequent lockdowns, and heavy rainfall in November 2023. This led to cash flow issues, delayed salaries, overdue EMIs, pending franchise payouts, and unpaid rents. Despite efforts to raise funds and restructure, the company's goodwill deteriorated, and it could not repay its debts. As of March 31, 2025, the total outstanding liability was Rs. 7,56,66,642/-, against assets of Rs. 1,62,27,840/-. The company passed a special resolution on November 10, 2025, and a Board Resolution on November 13, 2025, to initiate
…Wootu Nutrition Pvt Ltd, a chain of diet and nutrition clinics, filed a Section 10 application for initiating CIRP against itself.
The company suffered unprecedented revenue loss due to the Covid-19 pandemic and subsequent lockdowns.
Heavy rainfall in November 2023 and cancelled consultations further impacted operations, leading to a drastic revenue drop.
The company experienced severe cash flow issues, resulting in delayed salaries, overdue EMIs, pending franchise payouts, and unpaid rents.
Efforts to raise funds and restructure the business failed due to deteriorated goodwill and lack of investor confidence, leading to inability to pay debt.
The total outstanding liability as of March 31, 2025, was Rs. 7,56,66,642/-, with assets valued at approximately Rs. 1,62,27,840/-.
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Wootu Nutrition…
The Company sought to revitalize its revenue…
Wootu Nutrition Pvt Ltd, a chain of diet and nutrition clinics, filed a Section 10 application under the IBC, 2016, for initiating CIRP against itself. The company faced severe financial distress due to unprecedented revenue loss from the Covid-19 pandemic, subsequent lockdowns, and heavy rainfall in November 2023. This led to cash flow issues, delayed salaries, overdue EMIs, pending franchise payouts, and unpaid rents. Despite efforts to raise funds and restructure, the company's goodwill deteriorated, and it could not repay its debts. As of March 31, 2025, the total outstanding liability was Rs. 7,56,66,642/-, against assets of Rs. 1,62,27,840/-. The company passed a special resolution on November 10, 2025, and a Board Resolution on November 13, 2025, to initiate
…Wootu Nutrition Pvt Ltd, a chain of diet and nutrition clinics, filed a Section 10 application for initiating CIRP against itself.
The company suffered unprecedented revenue loss due to the Covid-19 pandemic and subsequent lockdowns.
Heavy rainfall in November 2023 and cancelled consultations further impacted operations, leading to a drastic revenue drop.
The company experienced severe cash flow issues, resulting in delayed salaries, overdue EMIs, pending franchise payouts, and unpaid rents.
Efforts to raise funds and restructure the business failed due to deteriorated goodwill and lack of investor confidence, leading to inability to pay debt.
The total outstanding liability as of March 31, 2025, was Rs. 7,56,66,642/-, with assets valued at approximately Rs. 1,62,27,840/-.
…Wootu Nutrition…
The Company sought to revitalize its revenue…