The Corporate Insolvency Resolution Process (CIRP) for Vivin Drugs & Pharmaceuticals Ltd. (VDPL) was initiated on 11.11.2024. This was challenged by a Suspended Director, leading to stays by NCLAT and subsequently the Supreme Court, which were later vacated, reviving the CIRP. Vivin Laboratories Private Limited (VLPL) was admitted into CIRP on 05.02.2026. Due to common ownership, interlinked indebtedness, and operational interdependence, the NCLT ordered the substantive consolidation of the CIRPs of VDPL and VLPL into a single Group CIRP on 29.04.2026.
IA (IBC) (Plan) 5/2026 was filed by Mr. Rajesh Chillale, Resolution Professional, under Sections 30(6) and 31 of the IBC, 2016, read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
The application sought approval of the Resolution Plan submitted by M/s. Virupaksha Organics Limited, as approved by the Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) of M/s. Vivin Drugs & Pharmaceuticals Limited (VDPL) was initiated on 11.11.2024 in CP (IB) No. 87/9/HDB/2024.
Mr. Rajesh Chillale was appointed as Interim Resolution Professional and later confirmed as Resolution Professional for VDPL.
…Sign in to view the parties.
Corporate Insolvency Resolution Process…
Hon'ble NCLAT, Chennai, stayed the operation…
The Corporate Insolvency Resolution Process (CIRP) for Vivin Drugs & Pharmaceuticals Ltd. (VDPL) was initiated on 11.11.2024. This was challenged by a Suspended Director, leading to stays by NCLAT and subsequently the Supreme Court, which were later vacated, reviving the CIRP. Vivin Laboratories Private Limited (VLPL) was admitted into CIRP on 05.02.2026. Due to common ownership, interlinked indebtedness, and operational interdependence, the NCLT ordered the substantive consolidation of the CIRPs of VDPL and VLPL into a single Group CIRP on 29.04.2026.
IA (IBC) (Plan) 5/2026 was filed by Mr. Rajesh Chillale, Resolution Professional, under Sections 30(6) and 31 of the IBC, 2016, read with Regulation 39(4) of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.
The application sought approval of the Resolution Plan submitted by M/s. Virupaksha Organics Limited, as approved by the Committee of Creditors (CoC).
The Corporate Insolvency Resolution Process (CIRP) of M/s. Vivin Drugs & Pharmaceuticals Limited (VDPL) was initiated on 11.11.2024 in CP (IB) No. 87/9/HDB/2024.
Mr. Rajesh Chillale was appointed as Interim Resolution Professional and later confirmed as Resolution Professional for VDPL.
…Corporate Insolvency Resolution Process…
Hon'ble NCLAT, Chennai, stayed the operation…