Pancard Clubs Limited having CIN U91900MH1997PLC105363 and its registered office at 111-113 Kalyandas Udyog Bhavan near Century Bhavan, Prabhadevi, Mumbai, Maharashtra, India - 400 025 is engaged in business of owning, developing and operating hotels, clubs and resorts across India.

The Company was undergoing Corporate Insolvency Resolution Process (“CIRP”) under the provisions of the Insolvency and Bankruptcy Code, 2016 (“the Code”) pursuant to the order of the Hon’ble National Company Law Tribunal, Mumbai Bench (“NCLT”) dated 9th September 2022. Subsequently, the Hon’ble NCLT has approved the Resolution Plan (“Approved Resolution Plan”) submitted by Chemhub Tradelink Private Limited (“Successful Resolution Applicant”) vide its order dated 25th April, 2024 (“Approval Order”). Pursuant to the Approval Order and in accordance with the terms of the Approved Resolution Plan, the Successful Resolution Applicant has designated its wholly owned subsidiary Wild Life Retreat Private Limited as the Implementing Entity (“Implementing Entity”) for implementation of the Approved Resolution Plan.

The Resolution Plan was successfully implemented on 9th July 2024 and consequently, the Implementing Entity has been merged with the Company, the shares held by the erstwhile shareholders have been cancelled and new equity shares have been issued to the Successful Resolution Applicant. As a result, the Company has become a wholly-owned subsidiary of Chemhub Tradelink Private Limited.