The State Bank of India filed a petition against Kolli Venkata Raja Sekhar & GKC Projects Ltd under Section 95 of the IBC. The Corporate Debtor's counsel appeared. The court addressed the commencement of the interim moratorium 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 IRP and was directed to file a report under Section 99 of the I&B Code, 2016, within 10 days from the date of his appointment. The respondents were directed to file a reply within two weeks, and the petitioners were given two weeks to file a rejoinder. The matter was adjourned to 2021-09-01.

The State Bank of India filed a petition against Kolli Venkata Raja Sekhar & GKC Projects Ltd under Section 95 of the IBC. The Corporate Debtor's counsel appeared. The court addressed the commencement of the interim moratorium 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 IRP and was directed to file a report under Section 99 of the I&B Code, 2016, within 10 days from the date of his appointment. The respondents were directed to file a reply within two weeks, and the petitioners were given two weeks to file a rejoinder. The matter was adjourned to 2021-09-01.