State Bank of India initiated CIRP against Swarna Hospital Private Limited.

Chaitanya Kumar Ray was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).

The Committee of Creditors (CoC) was formed, comprising State Bank of India, Central Bank of India, and Odisha State Cooperative Bank Limited.

Sparsh Hospitals & Critical Care Private Limited submitted a resolution plan that was approved by 90.3% of the CoC voting share.

Objections were raised regarding the eligibility of Sparsh Hospitals & Critical Care Private Limited under Section 29A of the IBC due to connections with Satyabrata Dhir, a former director of Swarna Hospital Private Limited.

State Bank of India initiated CIRP against Swarna Hospital Private Limited.

Chaitanya Kumar Ray was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).

The Committee of Creditors (CoC) was formed, comprising State Bank of India, Central Bank of India, and Odisha State Cooperative Bank Limited.

Sparsh Hospitals & Critical Care Private Limited submitted a resolution plan that was approved by 90.3% of the CoC voting share.

Objections were raised regarding the eligibility of Sparsh Hospitals & Critical Care Private Limited under Section 29A of the IBC due to connections with Satyabrata Dhir, a former director of Swarna Hospital Private Limited.