NEW DELHI: The lenders of the bankrupt Ruchi Soya , the maker of Nutrela and Sunrich edible oil, have approved the Rs 6,000 crore bid by Adani Wilmar, a joint venture between Adani Group and Singapore-based Wilmar International.

Ramdev-led Patanjali Ayurved has approached the National Company Law Tribunal (NCLT) challenging the decision.

Adani Wilmar and Patanjali Ayurved were locked in a Swiss Challenge auction battle as the creditors were seeking to recover at least a part of Rs 12,000 crore the company owed them.

After making a bid of Rs 5,700 crore, Patanjali decided not to better Adani's bid.

This follows Patanjali's sluggish growth in sales. After recording over 100 per cent sales growth in its early years, the company had its slowest sales growth of just over 13 per cent in the last financial year.

Ramdev and Co. had setbacks elsewhere too. The company has struggled to follow through on its grand plans to launch a chat app called Kimbho to take on the "foreign companies" (read WhatsApp ). The app was withdrawn from Google Play just a day after the launch.

The company had called the withdrawal a "foreign conspiracy".

It later re-launched the app; but in another setback, the "brain behind Kimbho" left the company and launched a rival app called Bolo Messenger with the same "swadeshi" pitch. Till date Bolo Messenger has twice the number of downloads as Kimbho - though Kimbho's official launch is on August 27.

