# In the matter of SWARNA HOSPITAL PRIVATE LIMITED

> NCLT judgment dated 2025-08-19. Citation: TCN-2025-NCLT-01233. State Bank of India initiated CIRP against Swarna Hospital Private Limited under Section 7 of…

- **Court:** NCLT
- **Order date:** 19 Aug 2025
- **Citation:** TCN-2025-NCLT-01233
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-cuttack/swarna-hospital-private-limited-ec26b17f

## Summary

### Background

State Bank of India initiated CIRP against Swarna Hospital Private Limited under Section 7 of the IBC. The CIRP was admitted, and an Interim Resolution Professional (IRP) was appointed, later confirmed as Resolution Professional (RP).

## Facts

State Bank of India initiated CIRP against Swarna Hospital Private Limited.

Chaitanya Kumar Ray was appointed as the Interim Resolution Professional (IRP) and later confirmed as the Resolution Professional (RP).

The Committee of Creditors (CoC) was formed, comprising State Bank of India, Central Bank of India, and Odisha State Cooperative Bank Limited.

Sparsh Hospitals & Critical Care Private Limited submitted a resolution plan that was approved by 90.3% of the CoC voting share.

Objections were raised regarding the eligibility of Sparsh Hospitals & Critical Care Private Limited under Section 29A of the IBC due to connections with Satyabrata Dhir, a former director of Swarna Hospital Private Limited.

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## Issues and analysis

### Issue 1: Whether Sparsh Hospitals & Critical Care Private …

**Ratio:** Section 29A of the IBC disqualifies individuals or entities connected to the corporate

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**Reasoning:** Satyabrata Dhir, a former director of Swarna Hospital Private Limited, was found to be a

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**Interpretation:** The Adjudicating Authority interpreted Section 29A to include individuals who,

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**Application:** The Adjudicating Authority applied Section 29A(c) and other relevant clauses to

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## Parties

- **Judges:** Deep Chandr…; Banwari Lal…
- **Appellants:** Chita Ranj…
- **Respondents:** Swarna Hospital…; Chaitanya Kumar…; +5 more
- **Other parties:** Odisha State…; Pinaki…; +1 more
- **Advocates:** Shaunak…; Saswat Kumar…; +4 more

## Timeline

- **2023-05-08 — CIRP Init…**: Corporate Insolvency Resolution Process (CIRP) initiated against Swarna Hospital Private…
- **2023-06-06 — RP Appoin…**: Chaitanya Kumar Ray confirmed as Resolution Professional (RP) in the 1st meeting of the…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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