Small Industries Development Bank of India (Financial Creditor) filed an application on July 6, 2021, under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against Tirupur Plaza Hotel Private Limited (Corporate Debtor). The application sought to initiate the Corporate Insolvency Resolution Process (CIRP), declare a moratorium, and appoint an Interim Resolution Professional (IRP).

Small Industries Development Bank of India (Financial Creditor) filed an application on July 6, 2021, under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against Tirupur Plaza Hotel Private Limited (Corporate Debtor). The application sought to initiate the Corporate Insolvency Resolution Process (CIRP), declare a moratorium, and appoint an Interim Resolution Professional (IRP).