Heranba Organics IBC Application Dismissed by NCLT

The National Company Law Tribunal (NCLT), Mumbai Bench-VI, has rejected an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Heranba Organics Private Limited (HOPL), a Wholly Owned Subsidiary of Heranba Industries Limited. The application was dismissed because the principal operational debt amount fell below the threshold limit after excluding the interest component. Consequently, no Corporate Insolvency Resolution Process (CIRP) has been initiated against HOPL. Heranba Industries Limited anticipates no material adverse impact from this order.