Scheme of Arrangement

Scheme of Arrangement. Law Tribunal, Mumbai Bench (“NCLT”), vide its order (“Order”), has modified its earlier directions. The NCLT has directed that the notice of the proposed Scheme be served only upon those unsecured.

Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.

• Admission or rejection of the application by the tribunal
• Appointment of a resolution professional
• Claims admitted against the company
• The second year should be the breakeven year, which means that it will have to ramp up from now until then con (management committed by FY28)
• Oncology is yet to be fully launched, the radiation and LINAC, etcetera, should come in by end of the year. (management committed by Q4 FY27)