Supha Pharmachem Faces Insolvency Over Rs 7.47 Crore Debt

Insolvency Filing Triggered by Debt The Mumbai bench of the National Company Law Tribunal (NCLT) has started insolvency proceedings against Supha Pharmachem, formerly known as Remedium Lifecare. This decision came after an operational creditor claimed Supha Pharmachem defaulted on Rs 7.47 crore for raw material payments. The tribunal acknowledged the debt, and an interim professional,…