Daiichi Sankyo moves NCLT to stay RHC Holdings proceedings
A two-member NCLT bench has asked RHC Holdings and HDFC Bank to file a reply over Daiichi Sankyo's move within a week
New Delhi: Japanese pharmaceutical firm Daiichi Sankyo Inc. has moved the National Company Law Tribunal (NCLT) to stay the insolvency proceedings against RHC Holdings Pvt. Ltd initiated by HDFC Bank Ltd. A two-member NCLT bench has asked RHC Holdings and HDFC Bank to file a reply over the move within a week. The tribunal has directed the matter be listed on 4 October for the next hearing.