NCLT Reserves Order in Socrus Pharmaceuticals Insolvency Case

Authority: National Company Law Tribunal, Indore Bench (Court No. 1)

Order Date: 16/06/2026

Case Overview

The National Company Law Tribunal (NCLT), Indore Bench, presided over by Hon'ble Shri Brajendra Mani Tripathi (Member Judicial) and Hon'ble Shri Man Mohan Gupta (Member Technical), heard an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The petition was filed by the operational creditor, Maa Annapurna Traders, against the corporate debtor, Socrus Pharmaceuticals Ltd, for the initiation of a Corporate Insolvency Resolution Process (CIRP). The bench heard the oral arguments and rival contentions presented by the advocates for both parties. Mr. Mayur Singh Waghela represented the applicant (Maa Annapurna Traders), and Mr. Ritesh Kumar Sharma represented the respondent (Socrus Pharmaceuticals Ltd).

Final Outcome

The tribunal has reserved its final order on the matter. Both parties have been directed to file their written submissions within one week from the order date. The final pronouncement of the order will follow after the submission period has concluded.

Topics: Insolvency Proceeding, NCLT Order, Corporate Debtor