L&T Finance Limited filed a petition against Delhi Control Devices Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. Simultaneously, another petition under Section 9 of the same code was filed by M/s. National Products against Delhi Control Devices Private Limited. The court noted that Delhi Control Devices Private Limited was already undergoing a corporate insolvency resolution process due to the admission of the petition by M/s. National Products. Section 11 of the Code prevents the initiation of another insolvency process against a corporate debtor already undergoing such a process. The court allowed L&T Finance Limited to file its claim with the Insolvency Professional.

L&T Finance Limited filed a petition against Delhi Control Devices Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. Simultaneously, another petition under Section 9 of the same code was filed by M/s. National Products against Delhi Control Devices Private Limited. The court noted that Delhi Control Devices Private Limited was already undergoing a corporate insolvency resolution process due to the admission of the petition by M/s. National Products. Section 11 of the Code prevents the initiation of another insolvency process against a corporate debtor already undergoing such a process. The court allowed L&T Finance Limited to file its claim with the Insolvency Professional.