Case Details
Case Name: Medec Infra Private Limited vs. Rajesh Jhunjhunwala (Interim Resolution Professional of Remedium Lifecare Limited, now known as Supha Pharmachem Limited)
Court/Authority: National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi
Case Number: Company Appeal (AT) (Insolvency) No. 967 of 2026
Order Date: May 22, 2026
Appealed Order Date: May 4, 2026 (in I.A No.1044 of 2026)
Parties Involved
Appellant: Medec Infra Private Limited
Respondent: Mr. Rajesh Jhunjhunwala, in his capacity as the Interim Resolution Professional (IRP) of Remedium Lifecare Limited (Now Known as Supha Pharmachem Limited)
Legal Representatives for Appellant: Mr. Debal Banerjee, Sr. Advocate with Mr. Rohan Agarwal, Mr. Himanashu Satija, Ms. Ripul Swati, Advocates
Legal Representatives for Respondents: Mr. Anshul Rao, Advocate
Adjudicating Members: Justice Ashok Bhushan (Chairperson), Barun Mitra (Member (Technical))
Issues / Allegations / Violations
The appeal was filed against an order dated May 4, 2026, passed by the Adjudicating Authority (NCLT). The core issue was the decision of the Resolution Professional to treat the Appellant, Medec Infra Private Limited, as a 'related party' of the Corporate Debtor, Supha Pharmachem Limited (formerly Remedium Lifecare Limited).
The Appellant, being the sole Financial Creditor in the Committee of Creditors (CoC), was consequently excluded from participation in the CoC due to this classification. The Appellant had challenged this decision before the NCLT via an Interlocutory Application (I.A No.1044 of 2026), which included a prayer for interim relief. The NCLT did not grant the interim relief and issued a notice, scheduling the matter for a hearing on June 29, 2026.
Final Ruling & Enforcement
The NCLAT disposed of the appeal. It did not find a reason to entertain the appeal at this stage, given that the matter was already scheduled for a hearing before the NCLT on June 29, 2026.
However, to protect the interests of the Appellant until that hearing, the NCLAT granted interim relief with the following directions:
1. Until June 29, 2026, the Committee of Creditors (CoC) is barred from voting on any resolution plan.
2. Until June 29, 2026, the CoC is barred from selling any immovable property of the corporate debtor.
The NCLAT observed that it shall be open for the Appellant to pray for an interim order when the matter is heard by the NCLT on June 29, 2026, and it will be for the NCLT to pass appropriate orders at that time.
No formal notice was issued to the respondent for this appeal. Liberty was reserved for the respondent to pray for modification of this order if they feel aggrieved by it.
The appeal was disposed of accordingly.