State Bank of India filed a petition against R.E. Cables & Conductors Pvt Ltd under Section 95 of the IBC. The court convened a hearing on August 4, 2021, where the IRP for the petitioner appeared. The advocate for the respondent undertook to file vakalat. The court then ordered the commencement of an interim moratorium, which stays any legal action or proceeding pending in respect of any debt and prevents creditors of the debtor from initiating any legal action or proceedings. Shri Krishna Mohan Gollamudi was appointed as the IRP and directed to file a report within 10 days. The respondents were directed to file a reply within two weeks, and the petitioner was directed to file a rejoinder within two weeks thereafter. The matter was adjourned to September 24, 2021.

State Bank of India filed a petition against R.E. Cables & Conductors Pvt Ltd under Section 95 of the IBC. The court convened a hearing on August 4, 2021, where the IRP for the petitioner appeared. The advocate for the respondent undertook to file vakalat. The court then ordered the commencement of an interim moratorium, which stays any legal action or proceeding pending in respect of any debt and prevents creditors of the debtor from initiating any legal action or proceedings. Shri Krishna Mohan Gollamudi was appointed as the IRP and directed to file a report within 10 days. The respondents were directed to file a reply within two weeks, and the petitioner was directed to file a rejoinder within two weeks thereafter. The matter was adjourned to September 24, 2021.