Erragam Sudhir Reddy filed an appeal against State Bank of India & Anr. arising out of an impugned order dated 2023-03-23 passed by the National Company Law Tribunal, Hyderabad Bench in C.P.(IB) No. 207/7/HDB/2022. The appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016. The court found arguable points in the appeal and issued a notice to the respondents. The appellants were directed to deposit the necessary costs for the notice. Respondent No. 1 was directed to file a reply within three weeks, and the appellant was given one week to file a rejoinder. Further proceedings in the matter were stayed until the next hearing on June 14, 2023.

Erragam Sudhir Reddy filed an appeal against State Bank of India & Anr. arising out of an impugned order dated 2023-03-23 passed by the National Company Law Tribunal, Hyderabad Bench in C.P.(IB) No. 207/7/HDB/2022. The appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016. The court found arguable points in the appeal and issued a notice to the respondents. The appellants were directed to deposit the necessary costs for the notice. Respondent No. 1 was directed to file a reply within three weeks, and the appellant was given one week to file a rejoinder. Further proceedings in the matter were stayed until the next hearing on June 14, 2023.