https://www.taxtmi.com/caselaws?id=290862 The Tribunal admitted the petition for initiating the Corporate Insolvency Resolution Process against ADI Automotives Private Limited, declaring a moratorium and appointing Mr. Sanjay Kumar Dewani as the Interim Resolution Professional. The Tribunal found jurisdiction with the Chandigarh Bench of the National Company Law Tribunal, established the existence of operational debt and default, confirmed completeness of the application under Section 9 of the Insolvency and Bankruptcy Code, and directed compliance with the moratorium provisions. en-us Wed, 08 Jan 2020 00:00:00 +0530 Mon, 19 Oct 2020 20:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290862 The Tribunal admitted the petition for initiating the Corporate Insolvency Resolution Process against ADI Automotives Private Limited, declaring a moratorium and appointing Mr. Sanjay Kumar Dewani as the Interim Resolution Professional. The Tribunal found jurisdiction with the Chandigarh Bench of the National Company Law Tribunal, established the existence of operational debt and default, confirmed completeness of the application under Section 9 of the Insolvency and Bankruptcy Code, and directed compliance with the moratorium provisions. Case-Laws Insolvency and Bankruptcy Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290862