# Mahaveer Medicare vs. Rancom Healthcare Pvt Ltd

> NCLT judgment dated 10 Apr 2026. Citation: TCN-2026-NCLT-00379. The application IA No.234/2026 has been filed seeking prayers related to a judgment passed by…

- **Court:** NCLT
- **Order date:** 10 Apr 2026
- **Citation:** TCN-2026-NCLT-00379
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-kolkata/mahaveer-medicare-vs-rancom-healthcare-pvt-ltd-438ed4cf

## Summary

### Background

The application IA No.234/2026 has been filed seeking prayers related to a judgment passed by the Hon'ble NCLAT and an order by the Hon'ble Supreme Court regarding the resolution plan of the Corporate Debtor.

## Facts

IA No. 234/2026 was filed seeking prayers related to a judgment by NCLAT and an order by the Supreme Court.

The Hon'ble NCLAT passed a judgment on 06.02.2026 in Company Appeal (AT) (Ins) Nos. 2330 & 2331 of 2024.

The Hon'ble Supreme Court passed an order on 13.03.2026 in Civil Appeal Nos. 3060-3061 of 2026.

The NCLAT directed the appointment of a liquidator in the case of the corporate debtor.

The Adjudicating Authority had approved a Resolution Plan in terms of an order dated 12.11.2024 in IA No.401/2024.

An Appeal was filed before the Hon'ble NCLAT by the USRA against the Adjudicating Authority's order.

The Supreme Court did not interfere with the NCLAT's observations and remarks against the Resolution Professional.

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## Issues and analysis

### Issue 1: Initiation of …

**Ratio:** Section 9 of the Insolvency and Bankruptcy

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**Reasoning:** The NCLAT ordered the initiation of liquidation proceedings. The court has to comply with

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**Interpretation:** Liquidation is the process of selling off a company's assets to pay off debts

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**Application:** The court directed the initiation of liquidation proceedings against the

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## Parties

- **Judges:** Praveen…; Ashish…
- **Appellants:** Applicant/…
- **Respondents:** Mahaveer Me…; Rancom Healthcare…
- **Other parties:** Insolvency and…; Liquidation…; +3 more

## Timeline

- **2026-02-06 — NCLAT Jud…**: Hon'ble NCLAT passed a judgment in Company…
- **2026-03-13 — Supreme Cour…**: Hon'ble Supreme Court passed an order in…

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