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Ready to revise resolution plan for Orchid Pharma: Accord to NCLT

Chennai-based Accord Life Spec Pvt Ltd on Wednesday told the tribunal that it was ready to revise its proposal to Rs 615 crore

Orchid Pharma
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Orchid Pharma

Gireesh Babu Chennai
Even as the resolution plan of Dhanuka Laboratories for the Orchid Pharma insolvency process is with the National Company Law Tribunal (NCLT), Chennai-based Accord Life Spec Pvt Ltd has told the tribunal that it is ready to revise its proposal to Rs 615 crore.
 
Accord Life Spec is a part of the Rs 1,700 crore Accord group, established by DMK leader and former Union minister of state S Jagathrakshakan. The group has diversified interests in medical education, a technical university, hospitals, breweries and hotels. In an application filed with the tribunal, Accord said that the decision of the resolution