Juris Corp successfully represented and advised the Committee of Creditors in the Corporate Insolvency Resolution Process of Sevenhills Healthcare Pvt. Ltd.

Deal Summary & Significance:

SevenHills Healthcare Pvt. Ltd. (“CD”) was admitted into the Corporate Insolvency Resolution Process (“CIRP”) on 13^th March 2018 upon an application filed by Axis Bank. The CD owned two key healthcare assets:

i) SevenHills Hospital, Mumbai (“Mumbai Hospital”), and

ii) SevenHills Hospital, Visakhapatnam (“Vizag Hospital”).

The initial resolution plan submitted by Dr. B.R. Shetty through Shetty’s New Medical Centre Pvt. Ltd. (“SNMC Resolution Plan”) was challenged by the Municipal Corporation of Greater Mumbai (“MCGM”) up to the Hon’ble Supreme Court of India (“Supreme Court”), since the Mumbai Hospital of the CD stands on land owned by MCGM. Supreme Court allowed MCGM’s appeal and rejected the SNMC Resolution Plan, holding that the mandatory No Objection Certificate (NOC) under the Mumbai Municipal Corporation Act, 1888 (“MMC Act”) had not been obtained prior to the creation of security interest over land owned by MCGM.

In 2020, amid the unprecedented Covid‑19 pandemic, MCGM requisitioned the Mumbai Hospital as a dedicated Covid facility under the Disaster Management Act, 2005. The requisition and the wider public health emergency led to repeated extensions of the CIRP timeline, significantly delaying progress.

Despite these delays, the CIRP continued to move forward. The Committee of Creditors (“CoC”) resolved to issue a fresh Invitation for Expression of Interest (“EoI”) for asset‑wise CIRP under Regulation 36B(6A) of the CIRP Regulations, a provision that enables inviting asset‑specific resolution plans when no feasible plan is received for the corporate debtor as a whole.

As the process advanced, MCGM initiated parallel litigation seeking to exclude the Mumbai Hospital from the CD’s asset pool. During this period, multiple proceedings were also undertaken to secure MCGM’s cooperation and prevent termination of the subsisting agreement between the parties.

Amidst these challenges, a fresh process was initiated inviting resolution plans under two separate categories:

i) Category 1: Vizag Hospital; and

ii) Category 2: Mumbai Hospital together with the CD as a going concern.

In June 2024, the Adjudicating Authority (“AA”) approved the resolution plan for Category 1 and dismissed MCGM’s objections to the plan.

In December 2025, MCGM granted the requisite NOC to the resolution plan submitted by Capri Global Holdings Private Limited for Category 2. The plan subsequently received 100% approval from the CoC and was approved by the AA on 19^th February 2026.

In a healthcare‑focused CIRP shaped by multiple disputes, extensive litigation, and pandemic‑related disruption, Juris Corp consistently advised and represented the CoC, ultimately maximising value for the CD and strengthening recoveries for its stakeholders.

Significance of the Matter

This is a significant asset‑wise Corporate Insolvency Resolution Process outcome in the healthcare sector, shaped by extensive litigation and prolonged pandemic‑related disruption. The resolution achieved demonstrates robust creditor‑led decision‑making and successful navigation of regulatory requirements, culminating in value maximisation and enhanced stakeholder recoveries.

Law Firms Involved: Trilegal for Resolution Professional, EY (Ernst & Young); Shardul Amarchand Mangaldas for MCGM; Saraf and Partners for Successful Resolution Applicant,

Practice Area: Insolvency and Restructuring; Disputes Resolution.

Deal Value: 1500 Crores.

Deal Closing Date: 19^th January 2026.

Team Involved: Mr. Jayesh H (Senior Partner), Ms. Jinal Shah (Associate Partner), Ms. Palak Nenwani (Principal Associate), Mr. Ronit Chopra (Associate).