State Bank of India filed IA (IBC) No. 347/2021 in CP (IB) No. 03/95/HDB/2021 against L. Madhusudhan Rao. The application was for urgent listing, which the court allowed. The court then declared an interim moratorium under Section 96(1)(a) of the I&B Code, 2016. Shri Anil Kohli was appointed as the Interim Resolution Professional (IRP) and is required to submit a report within ten days as per Section 99 of the I&B Code, 2016. The respondents are required to file a reply within two weeks, and the petitioners can file a rejoinder within two weeks after that. The case was adjourned to 2021-09-03. The interim moratorium is a key fact as it directly impacts the legal actions that can be taken against the debtor.

State Bank of India filed IA (IBC) No. 347/2021 in CP (IB) No. 03/95/HDB/2021 against L. Madhusudhan Rao. The application was for urgent listing, which the court allowed. The court then declared an interim moratorium under Section 96(1)(a) of the I&B Code, 2016. Shri Anil Kohli was appointed as the Interim Resolution Professional (IRP) and is required to submit a report within ten days as per Section 99 of the I&B Code, 2016. The respondents are required to file a reply within two weeks, and the petitioners can file a rejoinder within two weeks after that. The case was adjourned to 2021-09-03. The interim moratorium is a key fact as it directly impacts the legal actions that can be taken against the debtor.