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NCLT admits Four Care Hospital for insolvency under Stanchart’s plea

Economic Times  

The Mumbai bench of NCLT has admitted Four Care Hospital in Mumbai under the Corporate Insolvency Resolution Process (CIRP) in response to an application filed by Standard Chartered Bank. Rajan Garg has been appointed as the resolution professional.The company's promoter had availed a loan from DHFL which was later acquired by Standard Chartered Bank.