Nagpur: In a significant development, the National Company Law Tribunal (NCLT) has appointed Justice Virendrasingh Gyansingh Bisht (Retd), former Judge of the Bombay High Court, as the Administrator of Meditrina Institute of Medical Sciences Pvt. Ltd., Nagpur, formerly known as VRG Healthcare Pvt. Ltd.
The appointment follows a petition filed by Ganesh Ramchandra Chakkarwar, Founding CMD, Director, and substantial shareholder of the company, against co-directors Dr. Sameer Paltewar and Sonali Paltewar, alleging large-scale financial irregularities, mismanagement, and diversion of company funds.
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28 Oct 2025
According to the Tribunal’s order, Meditrina Institute had slipped into severe operational paralysis due to an ongoing internal conflict. The absence of an effective board resulted in frozen bank accounts, halted medical supplies, unpaid salaries, and declining patient footfall, severely impacting hospital operations and public healthcare delivery.
In its ruling, the NCLT observed, “Considering the entire facts of the case, and in particular, that the respondent company is headed by the Board of Directors, one of whom is in jail and the remaining two directors are at loggerheads, we are of the view that an Independent Director/Administrator is required to be appointed to break the functional deadlock and to ensure that the interests of the company, its stakeholders, and the general public at large are protected.”
The case was argued on behalf of Chakkarwar by a legal and corporate advisory team comprising Corporate Consultant Prof. C. S. Vikas Suresh Chedge, Adv. Partho Sarathy Sarkar, Adv. Pratik Sarkar, Adv. Nicky Poker, and Adv. Anubhav Arun Mardikar.
The appointment of Justice Bisht as Administrator is seen as a turning point for the troubled healthcare institution, expected to restore transparency, ethical governance, and stable management after months of uncertainty and internal strife.
