NCLT dismisses DBS Bank's lease rent claim against Orchid Pharma

The National Company Law Tribunal (NCLT), Chennai Bench, has dismissed an application filed by DBS Bank (formerly Lakshmi Vilas Bank) against Orchid Pharma Ltd. The application sought claims for lease rent and Insolvency Resolution Process Cost during Orchid Pharma's Corporate Insolvency Resolution Process (CIRP) period. The NCLT order, pronounced on April 2, 2026, and made available on April 10, 2026, rejected DBS Bank's interim application. Orchid Pharma has stated that this dismissal has no quantifiable impact on its financial, operational, or other activities.