The Corporate Insolvency Resolution Process (CIRP) was initiated against Suvarnabhoomi Infra Developers Pvt Ltd, and an Interim Resolution Professional (IRP) was appointed. Following the commencement of CIRP and the imposition of a moratorium, the Suspended Director, Mr. Sridhar Bollineni, transferred a total of Rs. 63,92,500/- from the Corporate Debtor's bank account. The IRP filed an application (IA(IBC)/142/2026) seeking a direction for the restoration of these funds.
Corporate Insolvency Resolution Process (CIRP) was initiated against Suvarnabhoomi Infra Developers Pvt Ltd on 20.01.2026.
Mr. K. J. Vinod was appointed as the Interim Resolution Professional (IRP) for the Corporate Debtor.
Upon commencement of CIRP, the management of the Corporate Debtor's affairs vested with the IRP, and the powers of the Board of Directors were suspended.
A moratorium under Section 14 of the IBC, 2016, was imposed on the Corporate Debtor.
The Respondent, Mr. Sridhar Bollineni (Suspended Director), was informed of the CIRP and moratorium on 21.01.2026 via e-mail, WhatsApp, telephone calls, and by personal service of the admission order on 23.01.2026.
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The Adjudicating Authority admitted the…
The Respondent was informed of the initiation…
The Corporate Insolvency Resolution Process (CIRP) was initiated against Suvarnabhoomi Infra Developers Pvt Ltd, and an Interim Resolution Professional (IRP) was appointed. Following the commencement of CIRP and the imposition of a moratorium, the Suspended Director, Mr. Sridhar Bollineni, transferred a total of Rs. 63,92,500/- from the Corporate Debtor's bank account. The IRP filed an application (IA(IBC)/142/2026) seeking a direction for the restoration of these funds.
Corporate Insolvency Resolution Process (CIRP) was initiated against Suvarnabhoomi Infra Developers Pvt Ltd on 20.01.2026.
Mr. K. J. Vinod was appointed as the Interim Resolution Professional (IRP) for the Corporate Debtor.
Upon commencement of CIRP, the management of the Corporate Debtor's affairs vested with the IRP, and the powers of the Board of Directors were suspended.
A moratorium under Section 14 of the IBC, 2016, was imposed on the Corporate Debtor.
The Respondent, Mr. Sridhar Bollineni (Suspended Director), was informed of the CIRP and moratorium on 21.01.2026 via e-mail, WhatsApp, telephone calls, and by personal service of the admission order on 23.01.2026.
…The Adjudicating Authority admitted the…
The Respondent was informed of the initiation…