Company UpdateGeneral
NCLAT order pauses CoC voting and property sales in Supha Pharmachem CIRP until June 29, 2026
NCLAT order in CIRP
- NCLAT disposed the Medec Infra appeal with interim observations; order dated 22 May 2026.
- CoC to not vote on any Resolution Plan until 29 June 2026.
- No sale of immovable property of the Corporate Debtor during this period.
- Appeal disposed; matter fixed for hearing on 29 June 2026.
- Appellant Medec Infra is alleged to be the sole financial creditor in CoC.
- Interim relief can be sought before Adjudicating Authority; respondents may seek modification.
- Company will monitor implications and inform stock exchanges of material developments.