The case involves an application under Section 95 of the Insolvency and Bankruptcy Code (IBC) 2016. The court is considering the commencement of an interim moratorium following the filing of the application.
State Bank of India filed a petition against Varam Bio Energy Ltd under Section 95 of the IBC. The application seeks initiation of the insolvency resolution process. The court has considered the application and the appearance of counsels for both the petitioner and the respondents (Satyanarayana Malla & Varam Bio Energy Ltd). The key fact is the filing of the application under Section 95, which triggers the provisions related to interim moratorium and the appointment of an IRP.
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Hearing held…
Interim moratorium commences from the date of…
The case involves an application under Section 95 of the Insolvency and Bankruptcy Code (IBC) 2016. The court is considering the commencement of an interim moratorium following the filing of the application.
State Bank of India filed a petition against Varam Bio Energy Ltd under Section 95 of the IBC. The application seeks initiation of the insolvency resolution process. The court has considered the application and the appearance of counsels for both the petitioner and the respondents (Satyanarayana Malla & Varam Bio Energy Ltd). The key fact is the filing of the application under Section 95, which triggers the provisions related to interim moratorium and the appointment of an IRP.
Hearing held…
Interim moratorium commences from the date of…