Sureka Pharma vs Dipna Pharmachem NCLT Settlement Order

Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench - Court 2

Order Date: 16 June 2026

Case Overview

The National Company Law Tribunal (NCLT), Ahmedabad Bench, heard proceedings under Section 9 of the Insolvency and Bankruptcy Code (IBC) between M/s. Sureka Pharma (Applicant) and Dipna Pharmachem Limited (Respondent). Both parties appeared through their advocates - Mr. Jatin Sehgal for the Applicant and Mr. Nilesh Udernani for the Respondent. The parties reported to the tribunal that some payment had been made toward resolving the dispute. They requested one accommodation to finally settle the matter between them without requiring further adjudication.

Final Outcome

The bench comprising Mrs. Chitra Hankare (Member Judicial) and Dr. Velamur G Venkata Chalapathy (Member Technical) granted a final opportunity for the parties to settle the matter. The tribunal directed the parties to file a purshish (formal application) documenting the settlement terms. The matter has been adjourned and listed for further consideration on 21 July 2026 to review the settlement status.

Topics: Insolvency Proceedings, Corporate Settlement, NCLT Order