The case involves a company petition/application filed under Section 95 of the IBC (Insolvency and Bankruptcy Code). The court is hearing the matter through video conference. The application was filed under section 96(1)(a) of the I&B Code, 2016, and legal actions are governed under section 96(1)(b) of the I&B Code, 2016.
The State Bank of India filed a company petition against GKC Projects Ltd. under Section 95 of the IBC. The court acknowledged the appearance of learned counsel for both the Financial Creditor (FC) and the Corporate Debtor. Upon filing the application, an interim moratorium commenced. Shri Raghu Babu Gunturu was appointed as the Interim Resolution Professional (IRP). The IRP is required to submit a report within 10 days. The respondents must file a reply within two weeks, and the petitioners can file a rejoinder within two weeks after that. The case was adjourned to 01.09.2021.
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Hearing he…
Interim moratorium commences from the date of…
The case involves a company petition/application filed under Section 95 of the IBC (Insolvency and Bankruptcy Code). The court is hearing the matter through video conference. The application was filed under section 96(1)(a) of the I&B Code, 2016, and legal actions are governed under section 96(1)(b) of the I&B Code, 2016.
The State Bank of India filed a company petition against GKC Projects Ltd. under Section 95 of the IBC. The court acknowledged the appearance of learned counsel for both the Financial Creditor (FC) and the Corporate Debtor. Upon filing the application, an interim moratorium commenced. Shri Raghu Babu Gunturu was appointed as the Interim Resolution Professional (IRP). The IRP is required to submit a report within 10 days. The respondents must file a reply within two weeks, and the petitioners can file a rejoinder within two weeks after that. The case was adjourned to 01.09.2021.
Hearing he…
Interim moratorium commences from the date of…