The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Birla Tyres in a case filed by multi-business chemicals firm SRF. As per SRF, Birla Tyres defaulted on payment of ₹15.84 crore for the supply of tyre cord fabric as of July 8, 2021. NCLT reprimanded Birla Tyres for taking a "casual attempt" to seek adjournments.