Authority: National Company Law Tribunal, Bengaluru Bench (Special Bench)
Order Date: 29 June 2026
Case Overview
This matter involves insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiated by Punjab National Bank (International) Ltd against M/s Gokul Super Speciality Hospital Pvt Ltd. The case is registered as CP(IB) No. 156/BB/2020. The current hearing concerned Interim Application No. 896/2025 and IA.(Liq) 15/2025. The proceedings involve a Successful Resolution Applicant (SRA) who has made certain financial commitments toward the resolution process.
During the hearing, the SRA's counsel reported that a cost of Rs. 5 lakhs had been deposited with the tribunal. However, there was some confusion regarding an additional balance cost of Rs. 1 lakh, which the SRA proposed to deposit before the next hearing date. The counsel further stated that the SRA is expected to receive the proposed resolution amount of Rs. 5 Crores by the next day (30 June 2026) and requested short time to confirm this payment.
Final Outcome
The Special Bench comprising Member (Judicial) Shri Sunil Kumar Aggarwal and Member (Technical) Shri Banwari Lal Meena adjourned the matter to 01 July 2026. The next hearing will serve to confirm the receipt of both the balance cost amount of Rs. 1 lakh and the proposed resolution amount of Rs. 5 Crores. The matter remains pending before the tribunal.
Topics: Insolvency Proceedings, Corporate Debt Resolution, NCLT Hearing