Future Of Bankrupt Orchid In Doubt

Indian Appeal Body Rejects Dhanuka Rescue Of Orchid

An Indian appellate tribunal has scuttled the acquisition of bankrupt Orchid Pharma by Dhanuka Labs, ruling that the deal contravened the country’s bankruptcy code.

Flowers
Cutting off Dhanuka’s rescue bid poses an existential threat to Orchid • Source: Shutterstock

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