Opto Circuits (India)’s subsidiary company ‘Cardiac Science Corporation, USA’ has filed voluntary petition under Chapter 11 of the US Bankruptcy Code to facilitate debt restructuring in US Bankruptcy Courts in the Western District of Wisconsin on October 20, 2015.
The above action is initiated by the secured lenders to the company for such filing and the management of the company is taking effective legal recourse required in this regard.
Opto Circuits India is a multinational medical device company headquartered out of Bengaluru, India. The company designs, develop, manufacture, market and distribute a range of medical products that are used by healthcare establishments in more than 150 countries.
