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Sector

Pharmaceuticals

Pharmaceuticals accounts for 43 insolvency cases on record since 2017. Of the concluded cases, 21 ended in an approved resolution plan and 14 in liquidation — a liquidation rate of 40%. 7 remain under CIRP today.

Total43on record
Resolved21plan approved
Liquidated14order passed
Under CIRP7running now

Median haircut not shown — only 21 approved plans here carry a figure, below the 30-case base we require before publishing a benchmark.

Figures, haircuts and benchmarks open on each case page. This index is the public record; the interpretation is the product.

CompanyStatusSectorNCLT bench Resolution professionalAdmittedOutcome
Arch Pharamalabs Limited Under CIRP Pharmaceuticals Anshul Gupta 17 May 2024
Global Medicines Limited Under CIRP Pharmaceuticals Ahmedabad HITEN RATILAL ABHANI 05 Dec 2025
Noida Medicare Centre Ltd. Under CIRP Pharmaceuticals New Delhi Ritu Rastogi 27 May 2020
Prodo Technologies Private Limited Under CIRP Pharmaceuticals New Delhi Vijay Kumar Gupta 30 Jun 2025
Proto Developers and Technologies Limited Under CIRP Pharmaceuticals Garima diggiwal 09 Sep 2025
S.m. Pharmaceuticals Private Limited Under CIRP Pharmaceuticals Nethi Mallikarjuna Setty 22 Jun 2025
Vivin Drugs & Pharmaceuticals Private Limited Under CIRP Pharmaceuticals Hyderabad Chillale Rajesh 11 Nov 2024
Cian Healthcare Limited Resolution Plan Approved Pharmaceuticals Mumbai ROSHEN CHORDIYA 14 Apr 2024 18 Dec 2025
Maneesh Pharmaceuticals Limited Withdrawn u/s 12A Pharmaceuticals Mumbai Asish Narayan 26 Apr 2025 17 Oct 2025
Nadhi Bio Products Private Limited Resolution Plan Approved Pharmaceuticals Hyderabad Sreenivasa Rao Ravinuthala 26 May 2023 12 Jun 2025
Bionext Pharma Private Limited Resolution Plan Approved Pharmaceuticals Mumbai Mahesh Kumar Gupta 20 Mar 2020 19 Feb 2025
Saffron Therapeutics Private Limited Resolution Plan Approved Pharmaceuticals Ahmedabad Omkarchand Rikhabdas Maloo 25 Sep 2023 06 Nov 2024
Ramakrishna Homeo Pharmaceuticals Private Limited Liquidation Order Pharmaceuticals Hyderabad Madhusudhana Reddy Maligi 17 Oct 2024 17 Oct 2024
Richfeel Health And Beauty Private Limited Resolution Plan Approved Pharmaceuticals Mumbai Anurag Kumar Sinha 26 Aug 2022 20 Jun 2024
Mantena Laboratories Limited Resolution Plan Approved Pharmaceuticals Hyderabad Kambhammettu Sri Vamsi 06 Aug 2021 06 Feb 2024
Kandla Energy and Chemicals Limited Liquidation Order Pharmaceuticals Ahmedabad Bimal Ashok Desai 01 Nov 2022 29 Jan 2024
Subi Chemicals Pvt Ltd Resolution Plan Approved Pharmaceuticals Ahmedabad Nimai Gautam Shah 25 Nov 2022 25 Aug 2023
Bindal Fashion Private Limited Resolution Plan Approved Pharmaceuticals Ahmedabad Shreyansh Jain 08 Jul 2022 21 Jul 2023
Vacc-Syn Biotech Private Limited Liquidation Order Pharmaceuticals Mumbai Kamal Kishor Gurnani 19 Jun 2023 19 Jun 2023
Leesa Lifesciences Private Limited Resolution Plan Approved Pharmaceuticals Hyderabad Anjaneyulu Sadhu 28 Jan 2020 18 Oct 2022
K.P.R Industries (India) Limited Liquidation Order Pharmaceuticals Amaravati Chinna Gurappa 19 Aug 2022 19 Aug 2022
Shreechem Pharmaceuticals Private Limited Resolution Plan Approved Pharmaceuticals Mumbai Prakash Dattatraya Naringrekar 08 May 2019 12 Aug 2022
Kudos Chemie Limited Resolution Plan Approved Pharmaceuticals Chandigarh Rajender Kumar Jain 05 Jul 2019 17 Mar 2022
Gena Pharmaceuticals Private Limited Liquidation Order Pharmaceuticals Kolkata Vasudeo Agarwal 13 Aug 2019 07 Jan 2022
Therdose Pharma Private Limited Resolution Plan Approved Pharmaceuticals Hyderabad Madasa Kumar 09 Jan 2020 01 Oct 2021
Rayan Laboratories Private Limited Liquidation Order Pharmaceuticals New Delhi Susheel Kumar Gupta 14 Sep 2021 14 Sep 2021
Alekhya Drugs Private Limited Resolution Plan Approved Pharmaceuticals Hyderabad Ranga Rao Doradla 11 Dec 2019 03 Sep 2021
Alps Pharmaceuticals Private Limited Liquidation Order Pharmaceuticals Ahmedabad Bhupendra Singh Narayan Singh Rajput 06 Nov 2019 06 Jul 2021
Francis Remedies (India) Private Limited Resolution Plan Approved Pharmaceuticals New Delhi Naveen Singal 09 Aug 2019 05 Apr 2021
Varad Lifescience Pvt. Ltd. Liquidation Order Pharmaceuticals Ahmedabad Ravi Kapoor 16 Mar 2021 16 Mar 2021
Windsor Papers Private Limited Liquidation Order Pharmaceuticals Ahmedabad Amrish Navinchandra Gandhi 16 Feb 2021 16 Feb 2021
Visa Pharmaceuticals Pvt. Ltd. Liquidation Order Pharmaceuticals Kolkata Chandra Kumar Jain 18 Jan 2021 18 Jan 2021
Parabolic Drugs Limited Resolution Plan Approved Pharmaceuticals Chandigarh Sanjay Kumar Aggarwal 23 Aug 2018 12 Jan 2021
Ayurwin Pharma Private Limited Liquidation Order Pharmaceuticals Bengaluru Shirley Mathew 04 Jan 2021 04 Jan 2021
India Pencillins Limited Resolution Plan Approved Pharmaceuticals Hyderabad MADASA KUMAR 05 Nov 2019 29 May 2020
Apex Drugs Ltd. Resolution Plan Approved Pharmaceuticals Hyderabad Madhusudhana Reddy Maligi 09 Jun 2018 18 Dec 2019
Thexa Pharma Private Limited Resolution Plan Approved Pharmaceuticals Hyderabad Gonugunta Madhusudhan Rao 28 Aug 2019 11 Dec 2019
Osaka Pharmaceuticals Private Limited Liquidation Order Pharmaceuticals Ahmedabad Abhishek Nagori 30 Sep 2019 30 Sep 2019
Feedatives Pharma Pvt. Ltd. Resolution Plan Approved Pharmaceuticals Kolkata Sanjeev Jhunjhunwala 18 Sep 2018 06 Aug 2019
Olive Lifesciences Private Limited Resolution Plan Approved Pharmaceuticals Bengaluru Gigi Joseph K J 22 Sep 2017 09 Jul 2019
Admiron Life Sciences Pvt. Ltd. Resolution Plan Approved Pharmaceuticals Hyderabad Venkateshwarlu Bharathula 28 Jul 2017 24 Jul 2018
Aegan Batteries Limited Liquidation Order Pharmaceuticals Bengaluru Ravindra Beleyur 24 Aug 2017 06 Jul 2018
Duckbill Drugs Pvt. Ltd. Liquidation Order Pharmaceuticals Kolkata Santanu Brahma 13 Apr 2013

Other sectors

Other Services (1,558) Other Manufacturing (1,075) Construction & Infrastructure (1,047) Trading & Distribution (991) Food & Agro (647) Real Estate & Housing (566) Textiles & Apparel (519) Machinery & Equipment (467)

Sourced exclusively from public record — IBBI publications and announcements, NCLT and NCLAT orders. Every figure stored verbatim; a blank means not yet filed, never zero. Data as of 2026-08-05. Read the methodology · Browse A–Z · by sector · by bench · bench duration intelligence.