NCLT Takes Santosh Hospitals 27th Progress Report On Record

National Company Law Tribunal Takes 27th Liquidation Progress Report On Record

Authority: National Company Law Tribunal Special Bench, Court – II Chennai

Order Date: 14th July 2026

Case Overview

The application was filed by Deepa Venkat Ramani, the Liquidator of M/s. Santosh Hospitals Private Limited, under Regulation 15 and 36 of the IBBI Regulations 2016. The purpose was to submit and take on record the 27th Progress Report in the liquidation proceedings for the quarter ended 30th June 2026. The matter originates from Company Petition number C.P. (IB)/434(CHE)2019.

Final Outcome

The NCLT disposed of the application (IA (LIQ.) PROGRESS REPORT/286(CHE)2026) and took the 27th Progress Report on record subject to all just exceptions. The Tribunal noted the Liquidator's submission that a status quo order is currently in effect from the Hon'ble Supreme Court. As a result, the management of the company remains with the Promoter Directors, who have deposited Rs. 57.5 crores into a fixed deposit. The matter awaits final directions from the Supreme Court.

Topics: Insolvency Proceeding, NCLT Order, Liquidation Update