Boston IVY Healthcare Solutions Private Limited Vs Bymedo Healthcare LLP (NCLT Mumbai)
Summary: The National Company Law Tribunal, Mumbai Bench-II, allowed IA(IBC)(Liq.) No. 55/MB/2026 filed by M/s. Sumedha Management Solutions Private Limited, Resolution Professional of Bymedo Healthcare LLP, seeking initiation of liquidation proceedings against the Corporate Debtor and appointment of Mr. Sandip Singh as Liquidator.
The Corporate Debtor had been admitted into the Corporate Insolvency Resolution Process (CIRP) by the Tribunal on 01.07.2025 in CP(IB) No. 139/MB/2025, on an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 filed by Boston Ivy Healthcare Solutions Private Limited, the Operational Creditor. Sumedha Management Solutions Private Limited was appointed as Interim Resolution Professional and subsequently as Resolution Professional.
During the CIRP, the RP issued Form G on 15.09.2025 inviting Expressions of Interest from Prospective Resolution Applicants. As no successful resolution plan emerged, a revised Form G was issued on 03.10.2025, with extended timelines and efforts to facilitate submission of a viable resolution plan.
In the 13th meeting of the Committee of Creditors held on 24.07.2026, the RP informed the CoC about withdrawal by the eligible Prospective Resolution Applicants and the absence of any viable possibility of resolution of the Corporate Debtor. Exercising its commercial wisdom, the CoC resolved to liquidate the Corporate Debtor. The resolution was approved by 80.86% of the voting share, and the RP was authorised to approach the Tribunal for initiation of liquidation.
