The US Bankruptcy Court approved the amended plan of liquidation and disclosure Statement of Allied Healthcare Products, Inc. on January 19, 2024. The debtor has filed its amended plan in the Court on October 31, 2023. As per the amended plan, administration expense claims, priority tax claims, US trustee fee claims shall be paid in full in cash.

General unsecured claims of $17.50 million shall be recovered 25% in cash. Employee Wage and Benefit Claims shall be paid in full in cash. AFCO premium credit $0.05 million shall be paid on pro rata basis in cash.

General unsecured claims of $17.50 million shall be recovered 45%-50% in cash. Equity interests shall be cancelled. The plan shall be funded through cash in hand and sale of assets.