NCLT initiates insolvency proceedings against Aviva Life Insurance

Aditi Singh November 12 2019
Aviva Life Insurance

The National Company Law Tribunal, Bench V, New Delhi has initiated corporate insolvency resolution process against Aviva Life Insurance Co India Ltd under the Insolvency and Bankruptcy Code, 2016 (IBC).

Apart from imposing a moratorium in terms of Section 14 of the IBC, the NCLT has appointed Jatin Madan as the Interim Resolution Professional of Aviva Life Insurance.

The order was passed by a two-member Bench of Member (Judicial) Justice (Retd.) Rajesh Dayal Khare and Member . . .

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