M/s. Rhydburg Pharmaceuticals Ltd. initiated a case against Sanyog Healthcare Limited under Section 9 of the IBC, 2016. During the insolvency resolution process, two resolution plans were submitted but were rejected by the Committee of Creditors (CoC). Subsequently, the CoC voted to liquidate Sanyog Healthcare Limited, the Corporate Debtor, with 85.24% of the voting share. The voting distribution among the CoC members shows that Central Bank of India held 30.72% of the voting share and voted in favor of liquidation. Punjab National Bank held 14.86% of the voting share and voted in favor of liquidation. Union Bank of India held 13.82% of the voting share and voted in favor of liquidation. Tamilnad Mercantile Bank Limited held 7.78% of the voting share and abstained from

M/s. Rhydburg Pharmaceuticals Ltd. initiated a case against Sanyog Healthcare Limited under Section 9 of the IBC, 2016. During the insolvency resolution process, two resolution plans were submitted but were rejected by the Committee of Creditors (CoC). Subsequently, the CoC voted to liquidate Sanyog Healthcare Limited, the Corporate Debtor, with 85.24% of the voting share. The voting distribution among the CoC members shows that Central Bank of India held 30.72% of the voting share and voted in favor of liquidation. Punjab National Bank held 14.86% of the voting share and voted in favor of liquidation. Union Bank of India held 13.82% of the voting share and voted in favor of liquidation. Tamilnad Mercantile Bank Limited held 7.78% of the voting share and abstained from