Max Healthcare Institute has announced the dissolution of its step-down wholly-owned subsidiary, ET Planners Private Limited, following an order by the National Company Law Tribunal (NCLT), New Delhi Bench, Court – VI. The order was delivered on 25 March 2026, marking the end of the voluntary liquidation process initiated earlier.
The company had previously informed stakeholders about the ongoing voluntary liquidation of ET Planners through intimations dated September 6, 2024, September 11, 2024, and October 18, 2024. The liquidation process was conducted in accordance with the Insolvency and Bankruptcy Code, 2016, and the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017.
ET Planners Private Limited, incorporated on 26 September 2017, was a wholly-owned subsidiary of Alps Hospital Limited, which is, in turn, a wholly-owned subsidiary of Max Healthcare Institute. The company was established to manage and support healthcare institutions across India.
The voluntary liquidation process was initiated by a board resolution on 6 September 2024, and subsequently approved by an extraordinary general meeting of the company’s members on 11 September 2024. Ms. Sunita Umesh was appointed as the liquidator to oversee the process.
The liquidation involved the transfer of the company’s business undertaking, including all assets and liabilities, to its shareholder, Alps Hospital Limited, on a going concern basis. The creditors, with claims amounting to ₹41,72,45,487, provided their no-objection certificates for this transfer.
Max Healthcare Institute has clarified that the dissolution of ET Planners will not impact its business or accounting policies and will not have any material effect on its financials. The company has made the NCLT order available on its website for public access.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).