Creditors move NCLT; seek bigger claim in Vasan Health Care insolvency case

A group of financiers approached the National Company Law Tribunal (NCLT), Chennai Bench, seeking its claim to be adjudicated as part of the insolvency resolution process being executed on Vasan Health Care Pvt Ltd. The hearing came up today even as the insolvency resolution process intiated in April 2017 has been delayed due to various litigation matters.

The petition was filed by some of the creditors, mainly private financiers, seeking more amount of claim to be accepted by the Resolution Professional as part of the process. According to official documents, the amount claimed by nine financial creditors including Edelweiss Asset