Indu Kuri Sundari & Indu Projects Ltd initiated a Company Petition (IB/184/2021) against State Bank of India under Section 95. The NCLT Hyderabad Bench conducted a hearing via video conference. The court directed the petitioner to serve notice to the respondent, State Bank of India, via speed post and email, with proof of service required within two weeks. Mr. Kasi Srinivas was appointed as the Resolution Professional. An interim moratorium was declared, preventing legal actions against the debtor. The matter was adjourned to 2021-09-24. The appointment of the Resolution Professional and the imposition of the moratorium are key facts influencing the proceedings.

Indu Kuri Sundari & Indu Projects Ltd initiated a Company Petition (IB/184/2021) against State Bank of India under Section 95. The NCLT Hyderabad Bench conducted a hearing via video conference. The court directed the petitioner to serve notice to the respondent, State Bank of India, via speed post and email, with proof of service required within two weeks. Mr. Kasi Srinivas was appointed as the Resolution Professional. An interim moratorium was declared, preventing legal actions against the debtor. The matter was adjourned to 2021-09-24. The appointment of the Resolution Professional and the imposition of the moratorium are key facts influencing the proceedings.