The case pertains to an application filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The application seeks the commencement of an interim moratorium. The learned counsel for the Financial Creditor (FC) and the Corporate Debtor appeared before the court.
The State Bank of India filed an application against VMC Systems Ltd under Section 95 of the IBC. The application sought the commencement of an interim moratorium. The court noted the appearance of the learned counsel for both the Financial Creditor and the Corporate Debtor. The court then proceeded to consider the application for an interim moratorium, referencing Section 96 of the IBC. Shri Raghu Babu Gunturu was appointed as the Interim Resolution Professional (IRP).
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Hearing he…
Interim moratorium…
The case pertains to an application filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The application seeks the commencement of an interim moratorium. The learned counsel for the Financial Creditor (FC) and the Corporate Debtor appeared before the court.
The State Bank of India filed an application against VMC Systems Ltd under Section 95 of the IBC. The application sought the commencement of an interim moratorium. The court noted the appearance of the learned counsel for both the Financial Creditor and the Corporate Debtor. The court then proceeded to consider the application for an interim moratorium, referencing Section 96 of the IBC. Shri Raghu Babu Gunturu was appointed as the Interim Resolution Professional (IRP).
Hearing he…
Interim moratorium…