NCLAT Chennai upholds NCLT order admitting Sharon Solutions into insolvency, dismissing director's appeal.
Tribunal rules date of default is 06.03.2018 (DRC issuance), not 01.11.2020, avoiding Section 10A bar.
Appellant claimed CD was viable with pending orders, but failed to provide evidence of solvency.
CIRP had commenced with claims of ₹557.35 crore before being stayed by appellate tribunal.