The Delhi Bench of the National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Bjain Pharmaceuticals Pvt. Ltd. against Amishi Consumer Technologies Pvt. Ltd., the company behind the personal care brand The Moms Co., which manufactures personal care products over an operational debt of ₹1.32 crore.
The bench of Judicial Member Justice Jyotsna Sharma and Technical Member Anu Jagmohan Singh while admitting the plea, observed that there was no pre-existing dispute as averred by the company and that the debt was indeed beyond the IBC threshold.
Bjain Pharmaceuticals, incorporated in 2006, is engaged in manufacturing and supplying homoeopathic medicines and specialty products. Amishi Consumer Technologies,…