Authority: National Company Law Tribunal, Hyderabad Bench - II
Order Date: 18 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Hyderabad Bench-II heard Company Petition IB/24/9/HDB/2025 filed under Section 9 of the Insolvency and Bankruptcy Code (IBC). The petition was filed by Shamrock Pharmschemi Pvt Ltd as the operational creditor against Chiral Bio Sciences Ltd as the corporate debtor. The matter concerns a corporate insolvency resolution process initiated by the operational creditor. The hearing was conducted in hybrid mode (VC and physical) and was presided over by a two-member bench comprising Shri Rajeev Bhardwaj (Hon'ble Member - Judicial) and Shri Sanjay Puri (Hon'ble Member - Technical). Both parties were represented by their legal counsel - Mr. Shadab Jan for the petitioner and Mr. Ramesh Babu for the respondent.
Final Outcome
The Tribunal noted that pleadings in the matter stand completed. The hearing has been adjourned to 23 July 2026 for further proceedings. No substantive decision on the insolvency petition was made in this order.
Topics: Corporate Insolvency, NCLT Proceedings, Pharma Sector