Punjab National Bank and Union Bank of India filed applications (IA No. 551 of 2025 and IA No. 564 of 2025 respectively) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, challenging clauses of the revised resolution plan submitted by Anshu Hospitals Limited and approved by the Committee of Creditors (CoC) in the Corporate Insolvency Resolution Process (CIRP) of Nayati Healthcare and Research Pvt. Ltd.
The CIRP of Nayati Healthcare and Research Pvt. Ltd. was initiated on 22.12.2023.
Arvind Mittal was initially appointed as IRP and later replaced by Vikram Bajaj as RP.
Punjab National Bank, a dissenting financial creditor and member of the CoC, filed IA No. 551 of 2025 challenging the resolution plan.
Union Bank of India filed IA No. 564 of 2025 challenging the resolution plan.
The resolution plan proposed the extinguishment of entire debt and release of securities, collaterals, and personal guarantees of all financial creditors.
The Resolution Applicant offered Rs. 20 Crores against the relinquishment of personal guarantees and mortgaged properties.
The CoC approved the resolution plan with 72.73% of the voting share.
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Main CP (IB…
The CIRP o…
Punjab National Bank and Union Bank of India filed applications (IA No. 551 of 2025 and IA No. 564 of 2025 respectively) under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, challenging clauses of the revised resolution plan submitted by Anshu Hospitals Limited and approved by the Committee of Creditors (CoC) in the Corporate Insolvency Resolution Process (CIRP) of Nayati Healthcare and Research Pvt. Ltd.
The CIRP of Nayati Healthcare and Research Pvt. Ltd. was initiated on 22.12.2023.
Arvind Mittal was initially appointed as IRP and later replaced by Vikram Bajaj as RP.
Punjab National Bank, a dissenting financial creditor and member of the CoC, filed IA No. 551 of 2025 challenging the resolution plan.
Union Bank of India filed IA No. 564 of 2025 challenging the resolution plan.
The resolution plan proposed the extinguishment of entire debt and release of securities, collaterals, and personal guarantees of all financial creditors.
The Resolution Applicant offered Rs. 20 Crores against the relinquishment of personal guarantees and mortgaged properties.
The CoC approved the resolution plan with 72.73% of the voting share.
…Main CP (IB…
The CIRP o…