NCLAT Hyderabad Rejects CIRP Plea Over Demand Notice Sent to Wrong Address

Anurada Chemicals Vs Synaptics Labs Private Limited (NCLAT Hyderabad) The National Company Law Appellate Tribunal (NCLAT), Hyderabad Bench, has dismissed a petition seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Synaptics Labs Private Limited. The NCLAT’s decision, delivered on May 27, 2025, hinged on the operational creditor’s (OC) failure to validly serve the statutory demand notice under Section 8 of the Insolvency and Bankruptcy Code (IBC), 2016, despite establishing the existence of a debt and default exceeding the prescribed threshold. The pet...