The National Company Law Tribunal (NCLT), Chennai Bench, on April 2, 2026, dismissed an application filed by DBS Bank (formerly Lakshmi Vilas Bank).
This order, made available on April 10, 2026, concerned claims for lease rent during the Corporate Insolvency Resolution Process (CIRP).
Reader Takeaway: NCLT clarity on CIRP lease claims; company confirms zero financial impact.
What just happened (today’s filing)
The National Company Law Tribunal (NCLT), Chennai Bench, has issued an order dismissing an application from DBS Bank (formerly Lakshmi Vilas Bank).
The application pertained to claims for lease rent during the company’s Corporate Insolvency Resolution Process (CIRP) period.
Orchid Pharma has explicitly stated that the NCLT’s…