State Bank of India filed a petition against R E Cables & Conductors Pvt Ltd under Section 95 of the IBC. Following the filing of the petition, an interim moratorium commenced as per Section 96(1)(a) of the IBC. This moratorium stays any legal action or proceeding pending against the debtor and prevents creditors from initiating new actions. Shri Krishna Mohan Gollamudi was appointed as the Interim Resolution Professional (IRP) and is required to file a report under Section 99 of the IBC within 10 days of his appointment. The respondents are required to file their reply within two weeks, and the petitioner is to file a rejoinder within two weeks thereafter. The case was adjourned to 24.09.2021.

State Bank of India filed a petition against R E Cables & Conductors Pvt Ltd under Section 95 of the IBC. Following the filing of the petition, an interim moratorium commenced as per Section 96(1)(a) of the IBC. This moratorium stays any legal action or proceeding pending against the debtor and prevents creditors from initiating new actions. Shri Krishna Mohan Gollamudi was appointed as the Interim Resolution Professional (IRP) and is required to file a report under Section 99 of the IBC within 10 days of his appointment. The respondents are required to file their reply within two weeks, and the petitioner is to file a rejoinder within two weeks thereafter. The case was adjourned to 24.09.2021.