Trilegal, Juris Corp, Shardul Amarchand Mangaldas (SAM), along with Saraf & Partners advised on the Corporate Insolvency Resolution process for SevenHills Healthcare.

SevenHills Healthcare Pvt. Ltd. (CD) was admitted into the Corporate Insolvency Resolution Process (CIRP) on March 13, 2018 pursuant to an application filed by Axis Bank. The CD owned two key healthcare assets—SevenHills Hospital, Mumbai (“Mumbai Hospital”) and 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 19th February 2026.

Trilegal advised the Resolution Professional, Mr. Abhilash Lal, throughout the CIRP, from admission through final approval. The firm advised on the structuring and implementation of the category-wise resolution process, drafting and issuance of process documents, evaluation of resolution plans, and regulatory and strategic issues.

Trilegal also represented the Resolution Professional in extensive litigation before the NCLT, NCLAT and the Supreme Court of India, including proceedings involving MCGM, which owns the land on which the Mumbai hospital is situated. The firm continued to advise through multiple process restarts, pandemic-related delays, and settlement negotiations, culminating in approval of the resolution.

The Corporate team was led by Partner Nishant Parikh. The Banking & Finance team was led by Partner Kannan Rahul. The Dispute Resolution team was led by Partner Siddharth Ranade, with Counsel Prakshal Jain and Senior Associate Kaazvin Kapadia. The Restructuring & Insolvency team was led by Partner Karishma Dodeja, with Senior Associate Deepali Verma and Associates Nidhi Baid, Anugya Mukati and Renuka Mishra.

Juris Corp advised the Committee of Creditors throughout the insolvency proceedings, including strategic decision-making relating to the asset-wise resolution, litigation management, and engagement with public authorities.

The firm represented the Committee of Creditors across multiple forums and played a key role in navigating disputes involving the Municipal Corporation of Greater Mumbai, regulatory complexities and creditor rights, ultimately supporting value maximisation and recoveries for stakeholders.

The Juris Corp team was led by Senior Partner Jayesh H, with Associate Partner Jinal Shah, Principal Associate Palak Nenwani, and Associate Ronit Chopra.

Ernst & Young acted as process advisors to the Resolution Professional.

Shardul Amarchand Mangaldas & Co advised the Municipal Corporation of Greater Mumbai (MCGM).

Saraf & Partners advised the successful resolution applicant.