The case originated from an application filed by M/s. Val-Met Engineering Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate a Corporate Insolvency Resolution Process (CIRP) against M/s. Trusted Aerospace Engineering Private Limited, the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal, Single Bench, Chennai) admitted this application via an order dated June 21, 2019. This admission led to the present appeal by Mr. Sankararaman Vaidyanathan, the promoter of the Corporate Debtor, before the National Company Law Appellate Tribunal (NCLAT).

The case originated from an application filed by M/s. Val-Met Engineering Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate a Corporate Insolvency Resolution Process (CIRP) against M/s. Trusted Aerospace Engineering Private Limited, the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal, Single Bench, Chennai) admitted this application via an order dated June 21, 2019. This admission led to the present appeal by Mr. Sankararaman Vaidyanathan, the promoter of the Corporate Debtor, before the National Company Law Appellate Tribunal (NCLAT).