The case pertains to a Company Petition (IB/38/2021) filed before the National Company Law Tribunal (NCLT), Hyderabad Bench. The petition involves Mr. Gopu Bala Reddy & I.C.S.A.(India) as the company and State Bank of India as the petitioner. The matter was heard on 2021-07-14 via video conference.
The Company Petition IB/38/2021 was filed by State Bank of India against Mr. Gopu Bala Reddy & I.C.S.A.(India) under Section 95 of the Insolvency and Bankruptcy Code (IBC). During the hearing on 2021-07-14, the petitioner was absent, but the respondent's counsel was present. The court directed the respondent to file a reply within two weeks. The court appointed an Interim Resolution Professional (IRP) as proposed by the petitioner and directed the IRP to file a report within 10 days. An interim moratorium was issued under Section 96 of the IBC. The matter was scheduled for further consideration on 2021-09-02.
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Hearing of the Company Petition IB/38/2021 held…
The respondent was…
The case pertains to a Company Petition (IB/38/2021) filed before the National Company Law Tribunal (NCLT), Hyderabad Bench. The petition involves Mr. Gopu Bala Reddy & I.C.S.A.(India) as the company and State Bank of India as the petitioner. The matter was heard on 2021-07-14 via video conference.
The Company Petition IB/38/2021 was filed by State Bank of India against Mr. Gopu Bala Reddy & I.C.S.A.(India) under Section 95 of the Insolvency and Bankruptcy Code (IBC). During the hearing on 2021-07-14, the petitioner was absent, but the respondent's counsel was present. The court directed the respondent to file a reply within two weeks. The court appointed an Interim Resolution Professional (IRP) as proposed by the petitioner and directed the IRP to file a report within 10 days. An interim moratorium was issued under Section 96 of the IBC. The matter was scheduled for further consideration on 2021-09-02.
Hearing of the Company Petition IB/38/2021 held…
The respondent was…