State Bank of India filed IA (IBC) No. 347/2021 in CP (IB) No. 03/95/HDB/2021 seeking urgent listing, which was allowed. The case involves L. Madhusudhan Rao as the respondent. The court declared an interim moratorium under Section 96 of the I&B Code, 2016. Shri Anil Kohli was appointed as the Interim Resolution Professional (IRP) and directed to file a report under Section 99 of the I&B Code, 2016 within 10 days. The respondents were directed to file a reply within two weeks, and the petitioners were given the opportunity to file a rejoinder within two weeks thereafter. The case was adjourned to 2021-09-03. This is relevant because it initiates the insolvency resolution process and defines the immediate actions to be taken by the parties involved.

State Bank of India filed IA (IBC) No. 347/2021 in CP (IB) No. 03/95/HDB/2021 seeking urgent listing, which was allowed. The case involves L. Madhusudhan Rao as the respondent. The court declared an interim moratorium under Section 96 of the I&B Code, 2016. Shri Anil Kohli was appointed as the Interim Resolution Professional (IRP) and directed to file a report under Section 99 of the I&B Code, 2016 within 10 days. The respondents were directed to file a reply within two weeks, and the petitioners were given the opportunity to file a rejoinder within two weeks thereafter. The case was adjourned to 2021-09-03. This is relevant because it initiates the insolvency resolution process and defines the immediate actions to be taken by the parties involved.