Max Healthcare Institute Limited has updated shareholders on ongoing legal proceedings before the National Company Law Tribunal involving its subsidiary, Kalinga Hospital Limited.

Additional interlocutory petitions seeking interim reliefs were filed by legal representatives of another entity.

During the hearing, the tribunal directed the respondents, including the company, to submit their replies within one week.

This legal development requires ongoing monitoring by retail investors as the tribunal has scheduled the next hearing for further proceedings, which could impact the governance and operational stability of the subsidiary.