Insolvency Case
NCLT approves Mohini Health INR 1.63-bln resolution plan for Winsome Yarns
This story was originally published at 14:33 IST on 21 April 2026
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NEW DELHI – The Chandigarh bench of the National Company Law Tribunal has approved Mohini Health and Hygiene Ltd.'s INR 1.63-billion resolution plan for debt-ridden Winsome Yarns Ltd. All crystallised liabilities and unclaimed liabilities of Winsome Yarns stand extinguished on approval of the plan, the tribunal said.
According to the resolution plan, Mohini Health will take over Winsome Yarns as a listed entity. The equity share capital of Winsome Yarns will be reduced to 5% and the debt-ridden company will allot fresh equity shares to Mohini Health or a special purpose vehicle controlled by it towards payment of the corporate insolvency resolution process costs, according to the plan.
In 2023, the tribunal had admitted a petition by Edelweiss Asset Reconstruction Co. Ltd. to start insolvency proceedings against Winsome Yarns. The other creditors of the debt-ridden company included ICICI Bank, Bank of Maharashtra, Indian Overseas Bank, Punjab National Bank, and Bank of India. Winsome Yarns had admitted dues of INR 19.27 billion.
Mohini Health is engaged in the manufacture and export of surgical, absorbent, and bleached cotton, surgical and hygiene products like absorbent cotton wool, surgical cotton, ear buds, and other medical consumables. As per the audited balance sheet dated Mar. 31, 2023, Mohini Health had a net worth of INR 896.90 million.
Winsome Yarns is involved in the manufacture, processing, and export of a variety of textiles, including raw white and dyed yarn and knitted fabric. Founded in 1990 and based in Chandigarh, the firm specialises in cotton and blended yarns, including wool, silk, and bamboo.
At 1336 IST, shares of Winsome Yarns were up 1.7% at INR 1.80 on the National Stock Exchange. Shares of Mohini Health and Hygiene were up 3.1% at INR 43.25.
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Surya Tripathi
Edited by Rajeev Pai
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