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Orchid Pharma received a Rs.1.67 Crore GST demand for an erroneously refunded amount. The company believes the order is unjustified and plans to appeal.
The National Company Law Tribunal (NCLT), Chennai Bench, dismissed an application filed by DBS Bank against Orchid Pharma Limited. The claim involved lease rent dues during the Corporate Insolvency Resolution Process (CIRP) period. The tribunal's order, dated April 02, 2026, has no quantifiable financial impact on the company.