IN THE NATIONAL COMPANY LAW TRIBUNAL HYDERABAD BENCH – I, HYDERABAD In CP (IB) No. 65/7/HDB/2023 (Under section 60(5) of Insolvency and Bankruptcy Code, 2016 r/w Rule 11 of the National Company Law Tribunal Rules, 2016)

IN THE MATTER OF M/s VERSATILE PHARMA PRIVATE LIMITED Between:

Union Bank of India ...Applicant Versus

1) Canara Bank

2) Resolution Professional of the Corporate Debtor …Respondents Date of Order: 11.08.2025 Coram:

Shri. Rammurti Kushawaha, Hon’ble Member (Judicial)

Shri. Man Mohan Gupta, Hon’ble Member (Technical)

Appearance:

For Applicant : PBA Srinivasan, Advocate For Respondent No. 1 : Dishit Bhattacharjee, Advocate For Respondent No. 2/

Resolution Professional (RP) : JVL Bharathi, Advocate : K M K Prasad, RP PER: BENCH

ORDER

This is an application filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as ‘the IBC’), read with Rule 11 of the National Company Law Tribunal Rules, 2016 (hereinafter referred to as ‘the NCLT Rules’). The applicant herein, a member of the Committee of Creditors (CoC), has instituted the present application against another CoC member/respondent no.1 and the Resolution Professional/ respondent no. 2, seekin