IN THE NATIONAL COMPANY LAW TRIBUNAL

AMARAVATI SPECIAL BENCH

(Through Hybrid Mode)

Item No.1

IA(IBC)/274/2025, Contempt Application (IBC)/3/2024 in

IA (IBC)/661/2018 In TCP (IB)/32/7/AMR/2019

Resolution Plan Approved on 10.06.2024

IN THE MATTER OF:

Axis Bank Ltd … Petitioner/Financial Creditor

Versus

Sevenhills Healthcare Pvt Ltd … Respondent/Corporate Debtor Under Section: 7, 60(5) of the IBC, 2016 R/w 11 of the NCLT Rules, 2016

r/w 425 of Companies Act, 2013 and Provisions of Contempt of Court Act,

1971.

Order delivered on 01.09.2025

CORAM:

SHRI KISHORE VEMULAPALLI, HON’BLE MEMBER (JUDICIAL)

PRESENT:

In IA’s

Committee of Creditors in IA(IBC)/274/2025 : Mr. Ph. Aravind Pandian, Adv.

For the Applicant/RP in IA(IBC)/274/2025 : Ms. Kaazin Kapadia, Adv.

For the Applicant/RP in

Cont.A.(IBC)/3/2024 in IA(IBC)/661/2018 : Ms. Kaazvin Kapadia, Adv.

For the Respondent in

Cont.A.(IBC)/3/2024 in IA(IBC)/661/2018 : Mr. Sridhar, Adv.

ORDER Upon consideration, this Bench is of the view that, in light of the law laid down by the Hon’ble Supreme Court and Hon’ble NCLAT, the CIRP is ordinarily required to be completed within the maximum period of 330 days. Having regard to the stage of the process and the submissions adva