State Bank of India filed a petition against Kolli Venkata Raja Sekhar & GKC Projects Ltd under Section 95 of the IBC. The court noted the appearance of counsel for both the Financial Creditor and the Corporate Debtor. An interim moratorium was declared effective from the date of filing the application under Section 96(1)(a) of the I&B Code, 2016. Shri Raghu Babu Gunturu was appointed as the Interim Resolution Professional (IRP). The IRP was instructed to file a report under Section 99 of the I&B Code, 2016, within 10 days of the appointment. The respondents were directed to file a reply within two weeks, and the petitioners were given two weeks to file a rejoinder. The case was adjourned to 01.09.2021.

State Bank of India filed a petition against Kolli Venkata Raja Sekhar & GKC Projects Ltd under Section 95 of the IBC. The court noted the appearance of counsel for both the Financial Creditor and the Corporate Debtor. An interim moratorium was declared effective from the date of filing the application under Section 96(1)(a) of the I&B Code, 2016. Shri Raghu Babu Gunturu was appointed as the Interim Resolution Professional (IRP). The IRP was instructed to file a report under Section 99 of the I&B Code, 2016, within 10 days of the appointment. The respondents were directed to file a reply within two weeks, and the petitioners were given two weeks to file a rejoinder. The case was adjourned to 01.09.2021.