The Corporate Insolvency Resolution Process (CIRP) was initiated for Vivin Drugs & Pharmaceuticals Ltd. (VDPL) on 11.11.2024 and subsequently for Vivin Laboratories Private Limited (VLPL) on 05.02.2026. The CIRP for VDPL faced challenges, including stays by the NCLAT and the Supreme Court, which were later vacated, leading to the revival of proceedings. Recognizing common ownership and interlinked operations, the NCLT directed the substantive consolidation of both CIRPs into a single Group CIRP on 29.04.2026. A Group Committee of Creditors (CoC) was constituted, and the Resolution Professional invited Expression of Interests, leading to the submission and evaluation of multiple resolution plans.
The Corporate Insolvency Resolution Process (CIRP) for Vivin Drugs & Pharmaceuticals Ltd. (VDPL) was initiated on 11.11.2024.
The admission order for VDPL's CIRP was challenged by a Suspended Director before the NCLAT, Chennai.
The NCLAT stayed the operation of the VDPL CIRP proceedings by an order dated 27.11.2024.
The NCLAT stay remained in force until 02.06.2025, when it was vacated and the VDPL CIRP revived.
The matter was subsequently taken to the Supreme Court of India via Civil Appeal, which stayed further proceedings in the VDPL CIRP on 25.08.2025.
The Supreme Court vacated its interim protection on 28.11.2025, leading to the recommencement of the VDPL CIRP.
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Corporate Insolvency Resolution Process…
The Hon'ble National Company Law Appellate…
The Corporate Insolvency Resolution Process (CIRP) was initiated for Vivin Drugs & Pharmaceuticals Ltd. (VDPL) on 11.11.2024 and subsequently for Vivin Laboratories Private Limited (VLPL) on 05.02.2026. The CIRP for VDPL faced challenges, including stays by the NCLAT and the Supreme Court, which were later vacated, leading to the revival of proceedings. Recognizing common ownership and interlinked operations, the NCLT directed the substantive consolidation of both CIRPs into a single Group CIRP on 29.04.2026. A Group Committee of Creditors (CoC) was constituted, and the Resolution Professional invited Expression of Interests, leading to the submission and evaluation of multiple resolution plans.
The Corporate Insolvency Resolution Process (CIRP) for Vivin Drugs & Pharmaceuticals Ltd. (VDPL) was initiated on 11.11.2024.
The admission order for VDPL's CIRP was challenged by a Suspended Director before the NCLAT, Chennai.
The NCLAT stayed the operation of the VDPL CIRP proceedings by an order dated 27.11.2024.
The NCLAT stay remained in force until 02.06.2025, when it was vacated and the VDPL CIRP revived.
The matter was subsequently taken to the Supreme Court of India via Civil Appeal, which stayed further proceedings in the VDPL CIRP on 25.08.2025.
The Supreme Court vacated its interim protection on 28.11.2025, leading to the recommencement of the VDPL CIRP.
…Corporate Insolvency Resolution Process…
The Hon'ble National Company Law Appellate…