The National Company Law Tribunal’s Amaravati Special Bench has approved a ₹456 crore resolution plan for Mumbai hospital of Seven Hills Healthcare. The resolution plan also includes an additional CIRP costs of approximately ₹205.34 crores and a separate ₹223.48 crore settlement with the Municipal Corporation of Greater Mumbai, finally bringing an end to the long-standing insolvency proceedings of the corporate debtor. The plan, submitted by Capri Global Holdings Private Limited and backed by the Reliance Group as an equity support provider, focuses specifically on the Mumbai hospital assets while the Vizag facility had already been resolved separately in 2024.
The approval, granted by Hon’ble Member (Judicial)…