The case involves a transfer petition under the Insolvency and Bankruptcy Code (IBC), 2016. The application was filed under Section 96(1)(a) of the I&B Code, 2016. The court initiated an interim moratorium and appointed an Interim Resolution Professional (IRP).
The State Bank of India filed a company petition/application against Varam Bio Energy Ltd under Section 95 of the IBC. The court initiated an interim moratorium commencing from the date of filing the application under section 96(1)(a) of the I&B Code, 2016. Shri Dantu Indu Sekhar was appointed as the Interim Resolution Professional (IRP). The IRP is required to file a report under section 99 of the I&B Code, 2016, within 10 days of his appointment. The respondents were directed to file a reply within two weeks, providing copies to the petitioners, who may then file a rejoinder within two weeks thereafter. The matter was adjourned to 2021-09-08.
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Hearing held…
Interim moratorium commences from the date of…
The case involves a transfer petition under the Insolvency and Bankruptcy Code (IBC), 2016. The application was filed under Section 96(1)(a) of the I&B Code, 2016. The court initiated an interim moratorium and appointed an Interim Resolution Professional (IRP).
The State Bank of India filed a company petition/application against Varam Bio Energy Ltd under Section 95 of the IBC. The court initiated an interim moratorium commencing from the date of filing the application under section 96(1)(a) of the I&B Code, 2016. Shri Dantu Indu Sekhar was appointed as the Interim Resolution Professional (IRP). The IRP is required to file a report under section 99 of the I&B Code, 2016, within 10 days of his appointment. The respondents were directed to file a reply within two weeks, providing copies to the petitioners, who may then file a rejoinder within two weeks thereafter. The matter was adjourned to 2021-09-08.
Hearing held…
Interim moratorium commences from the date of…