Authority: National Company Law Tribunal (NCLT), Division Bench, Court - 1, Ahmedabad
Order Date: 10/07/2026
Case Overview
This proceeding, registered as C.P.(IB)/163(AHM)2026, is an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Financial Creditor, Dhenu Buildcon Infra Limited, filed the petition against the Corporate Debtor, Johnson Pharmacare Limited. In a previous hearing, the Tribunal had granted the Corporate Debtor a further opportunity of three days to file its reply to the petition, subject to the condition that it deposit a cost of Rs. 50,000 (Rupees Fifty Thousand) into the Prime Minister's National Relief Fund. The Corporate Debtor failed to comply with this conditional order within the extended period or by the date of this hearing. Furthermore, no proof of the cost deposit was placed on the record.
Final Outcome
The Bench, comprising Member (Judicial) Shammi Khan and Member (Technical) Sanjeev Sharma, closed the right of the Corporate Debtor (Johnson Pharmacare Limited) to file its reply. After hearing the oral submissions from the counsel for both parties—Mr. Hritik Mehta for the Financial Creditor and Mr. Sarvaswa Chhajer for the Corporate Debtor—and perusing the record, the Tribunal reserved its order for final arguments.
Topics: Insolvency Proceeding, NCLT Order, Corporate Debtor Default