The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Sevenhills Healthcare Pvt Ltd. The applicant, Abhilash Lal, RP of Seven Hills Healthcare Private Limited, filed an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the resolution plan submitted by Capri Global Holdings Private Limited for Category-2 assets (Mumbai Hospital) of the Corporate Debtor.
The CIRP of Sevenhills Healthcare Pvt Ltd commenced on 13.03.2018.
Abhilash Lal was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP).
The CoC approved a resolution plan submitted by Dr. B.R. Shetty through Shetty's New Medical Centre Private Limited in the first round of CIRP, but it was set aside by the Supreme Court.
Regulation 36B(6A) was introduced, enabling asset-wise resolution.
The CoC resolved to invite resolution plans for separate categories of assets: Category-1 (Vizag Hospital) and Category-2 (Mumbai Hospital).
The Vizag Hospital was resolved under a separate resolution plan approved on 10.06.2024.
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The Corporate Insolvency Resolution Process…
Abhilash Lal was confirmed as the Resolution…
The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Sevenhills Healthcare Pvt Ltd. The applicant, Abhilash Lal, RP of Seven Hills Healthcare Private Limited, filed an application under Section 30(6) of the Insolvency and Bankruptcy Code, 2016, seeking approval of the resolution plan submitted by Capri Global Holdings Private Limited for Category-2 assets (Mumbai Hospital) of the Corporate Debtor.
The CIRP of Sevenhills Healthcare Pvt Ltd commenced on 13.03.2018.
Abhilash Lal was appointed as the Interim Resolution Professional (IRP) and subsequently confirmed as the Resolution Professional (RP).
The CoC approved a resolution plan submitted by Dr. B.R. Shetty through Shetty's New Medical Centre Private Limited in the first round of CIRP, but it was set aside by the Supreme Court.
Regulation 36B(6A) was introduced, enabling asset-wise resolution.
The CoC resolved to invite resolution plans for separate categories of assets: Category-1 (Vizag Hospital) and Category-2 (Mumbai Hospital).
The Vizag Hospital was resolved under a separate resolution plan approved on 10.06.2024.
…The Corporate Insolvency Resolution Process…
Abhilash Lal was confirmed as the Resolution…