Vituous Urja Limited, the Operational Creditor, filed a company petition against Nandha Energy Limited, the Corporate Debtor, under the Companies Act, 1956. The case was transferred from the Madras High Court to the National Company Law Tribunal (NCLT). The NCLT admitted the petition and declared a moratorium. The Operational Creditor did not propose an Interim Resolution Professional (IRP). The NCLT referred the matter to the Insolvency and Bankruptcy Board of India (IBBI) for recommendation of an IRP. The IBBI recommended Mr. Mudappallur Varieth Gangasharam. This led to the appointment of Mr. Mudappallur Varieth Gangasharam as the IRP.

Vituous Urja Limited, the Operational Creditor, filed a company petition against Nandha Energy Limited, the Corporate Debtor, under the Companies Act, 1956. The case was transferred from the Madras High Court to the National Company Law Tribunal (NCLT). The NCLT admitted the petition and declared a moratorium. The Operational Creditor did not propose an Interim Resolution Professional (IRP). The NCLT referred the matter to the Insolvency and Bankruptcy Board of India (IBBI) for recommendation of an IRP. The IBBI recommended Mr. Mudappallur Varieth Gangasharam. This led to the appointment of Mr. Mudappallur Varieth Gangasharam as the IRP.