NCLAT Dismisses IBC Section 9 Case Over Concealment of Facts

D.J. Laboratries Pvt. Ltd Vs Kerala Medical Services Corporation Private Limited (NCLAT) National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by D.J. Laboratories Pvt. Ltd., an operational creditor, against the Kerala Medical Services Corporation Private Limited (KMSCL), upholding the Kochi Bench of the National Company Law Tribunal (NCLT)’s decision to reject insolvency proceedings. The NCLAT’s ruling on July 5, 2025, primarily hinged on the finding that D.J. Laboratories had concealed material facts when initiating its application under Section 9 of the I...