# In the matter of Remedium Lifecare Limited

> NCLT judgment dated 2026-03-17. Citation: TCN-2026-NCLT-00308. Boston Ivy Healthcare Solution Private Limited filed an application under Section 9 of the IBC…

- **Court:** NCLT
- **Order date:** 17 Mar 2026
- **Citation:** TCN-2026-NCLT-00308
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-mumbai/remedium-lifecare-limited-b68b0de2

## Summary

### Background

Boston Ivy Healthcare Solution Private Limited filed an application under Section 9 of the IBC to initiate CIRP against Remedium Lifecare Limited, claiming a default of Rs. 7,47,20,079/-. The Operational Creditor supplied certain chemicals to the Corporate Debtor against purchase orders.

## Facts

Boston Ivy Healthcare Solution Private Limited filed an application under Section 9 of the IBC to initiate CIRP against Remedium Lifecare Limited.

The Operational Creditor claimed a default of Rs. 7,47,20,079/-, including principal and interest.

The Corporate Debtor placed orders for certain chemicals with the Operational Creditor.

The Operational Creditor supplied the chemicals against the purchase orders.

The Corporate Debtor made partial payments, leaving a balance outstanding.

The Operational Creditor issued a demand notice to the Corporate Debtor.

The Corporate Debtor initially raised objections but later withdrew them and admitted the debt.

The date of default was mentioned as 07.11.2023.

Mr. Rajesh Jhunjhunwala was proposed as the Interim Resolution Professional (IRP).

…

## Issues and analysis

### Issue 1: Whether the application under Section 9 of the IBC is complete and meets all procedural …

**Ratio:** The application was deemed

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**Reasoning:** The Operational Creditor served a demand notice, there was non-receipt of payment, and

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**Interpretation:** All procedural conditions under

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**Application:** The Tribunal admitted

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## Parties

- **Judges:** SAMEER…; NILESH S…
- **Appellants:** Boston Ivy…
- **Respondents:** Remedium Lifecare…
- **Other parties:** Ravishankar…; Rajesh Jhunjhunwal…
- **Advocates:** Ms Siddhima…; Arjit K.…; +1 more

## Timeline

- **07.05.2025 — Application…**: C.P. (IB) No. 579 of 2025 (Application) was filed by Boston Ivy Healthcare Solution…
- **07.11.2023 — Date of D…**: The date of default in Part…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 14 — Moratorium](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-14)

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