NCLT Chennai Admits Insolvency Petition Against Ozone Homes Private Limited

In a significant development under the Insolvency and Bankruptcy Code, 2016 (“Code”), the National Company Law Tribunal, Chennai Bench - II, has admitted an Application filed under Section 7 of the Code by IDBI Trusteeship Services Ltd. (“IDBI”) against Ozone Homes Pvt. Ltd., marking the commencement of the Corporate Insolvency Resolution Process...