Vivimed Labs Admitted to Insolvency Resolution Process

NCLT Bengaluru admits Vivimed Labs to Corporate Insolvency Resolution Process (CIRP) under Section 9 of IBC, 2016.
Petition filed by Blue Cube Germany for default on operational debt of ₹2.78 crore arising from a 2019 civil court decree.
Tribunal rejects Vivimed's limitation and forum shopping objections, citing debt acknowledgments in 2021 and independent IBC remedy.
Shri T Narayana Swamy appointed as Interim Resolution Professional with moratorium imposed under Section 14 effective immediately.