# In the matter of State Bank of India Vs. G Narayanamma, CP (IB)/132/2022

> Read the full IBC case summary for In the matter of State Bank of India Vs. G Narayanamma, CP (IB)/132/2022. NCLT judgment dated 2022-04-20. Citation:…

- **Court:** NCLT
- **Order date:** 20 Apr 2022
- **Citation:** TCN-2022-NCLT-04954
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-chandigarh/state-bank-of-india-vs-g-narayanamma-cp-07d1c126

## Summary

### Background

The petitioner, State Bank of India, filed an application under section 95 of the IBC, 2016, leading to the commencement of an interim moratorium.

## Facts

The State Bank of India, as the petitioner, filed an application under section 95 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) against Mrs. G. Narayanamma & Chadalvada Infratech Ltd., the respondents. This application initiated the interim moratorium as per section 96(1)(a) of the I&B Code, 2016, effective from the date of filing. The legal actions and proceedings are governed by section 96(1)(b) of the I&B Code, 2016.

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## Issues and analysis

### Issue 1: Whether an interim moratorium commences upon the filing of an application under section 95 of the…

**Ratio:** An interim moratorium under the I&B Code, 2016, begins on the date an application is…

**Reasoning:** The NCLT explicitly stated that the interim moratorium commences from the date of filing…

**Interpretation:** The court interpreted section 96(1)(a) as establishing the commencement of the…

**Application:** In this case, the interim moratorium for Mrs. G. Narayanamma & Chadalvada…

## Parties

- **Judges:** Venkata Ramakrishn…; SH. VEERA BRAHMA…
- **Advocates:** Alluri Krishnam…

## Timeline

- **April 20, 2022 — Hearing…**: Attendance cum order sheet of the…
- **April 20, 2022 — IRP Appoi…**: Shri Maligi Madhusudhana Reddy appointed as…

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