A media report has claimed that Adani Group has not fully repaid $2.15 billion.
The company supplies its products to 9 out of top 10 global tyre manufacturers and to all of the top 11 tyre, paint, footwear and cosmetics manufacturers in India
In this insolvency resolution, the primary creditor Punjab National Bank (PNB) received Rs 700 crore.
The production is allocated to 11 companies.
The warehouse park will be spread over an area of 1 million square feet.
Company's stock price rises after IndusInd Bank withdraws insolvency petition against it.
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