Meghna Colour Chem Files NCLT Insolvency Petition

Meghna Colour Chem Pvt. Ltd. filed a Section 9 IBC petition against Neel Pigments Ltd. for operational debt default.
The NCLT Ahmedabad bench issued notice to the corporate debtor, returnable for hearing on April 27, 2026.
Corporate debtor Neel Pigments Ltd. must file its reply within seven days of receiving the notice.
The application seeks initiation of CIRP, appointment of IRP, and declaration of moratorium against the respondent.