Default10 April 2026 at 01:31 pm
Supha Pharmachem Discloses Creditor List; Directors Non-Cooperative
AI Summary
Supha Pharmachem Ltd (formerly Remedium Lifecare Limited) is undergoing Corporate Insolvency Resolution Process (CIRP) initiated on March 17, 2026, by an NCLT order. The Interim Resolution Professional (IRP) has disclosed the list of creditors, including Medec Infra Limited with a provisionally admitted unsecured loan of ₹5.55 crore. The first Committee of Creditors (CoC) meeting is scheduled for April 14, 2026. The IRP reported non-cooperation from the suspended Board of Directors in providing control, records, and information, hindering the CIRP process. Claims are provisionally admitted due to unavailable updated books.
Key Highlights
- Supha Pharmachem entered Corporate Insolvency Resolution Process (CIRP) on March 17, 2026.
- Interim Resolution Professional (IRP) disclosed the list of creditors.
- First Committee of Creditors (CoC) meeting is set for April 14, 2026.
- Suspended directors are not cooperating with the IRP, hindering the process.
- Medec Infra Limited has a provisionally admitted unsecured claim of ₹5.55 crore.