Corporate Action13 Feb 2026, 04:52 pm
Vivimed Labs Files PPIRP Application with INR 512 Crores Default
AI Summary
Vivimed Labs Ltd. has filed an application for the initiation of a Pre-pack Insolvency Resolution Process (PPIRP) with the Insolvency and Bankruptcy Board of India (NCLT Bengaluru Bench) as of 12th February 2026. The default amount stands at INR 512,53,06,756 (Five hundred twelve crores fifty three lakhs six thousand seven hundred and fifty six rupees) as of 31st January 2026, as per the regulations outlined in SEBI(LODR) 2015, Regulation 30.
Key Highlights
- Vivimed Labs Ltd. filed a PPIRP application with the Insolvency and Bankruptcy Board of India
- The application was submitted to the NCLT Bengaluru Bench on 12th February 2026
- The default amount as of 31st January 2026 is INR 512,53,06,756
- The company is seeking resolution under section 54A of the IBC Act
- The application follows intimations on 13th November 2025 and 10th January 2025
Price Impact
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