The case involves an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner is State Bank of India, and the respondents are Satyanarayana Malla & Varam Bio Energy Ltd. The application seeks to initiate an interim moratorium.
State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016 against Satyanarayana Malla & Varam Bio Energy Ltd. The application was filed under Section 95 of the IBC. The court acknowledged the appearance of counsels for both the petitioner and the respondents. Upon filing the application, an interim moratorium commences as per Section 96(1)(a) of the IBC. Legal actions are governed by Section 96(1)(b) of the IBC. Shri Dantu Indu Sekhar was appointed as the Interim Resolution Professional (IRP).
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Hearing he…
Interim moratorium commences from the date of…
The case involves an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner is State Bank of India, and the respondents are Satyanarayana Malla & Varam Bio Energy Ltd. The application seeks to initiate an interim moratorium.
State Bank of India filed an application under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016 against Satyanarayana Malla & Varam Bio Energy Ltd. The application was filed under Section 95 of the IBC. The court acknowledged the appearance of counsels for both the petitioner and the respondents. Upon filing the application, an interim moratorium commences as per Section 96(1)(a) of the IBC. Legal actions are governed by Section 96(1)(b) of the IBC. Shri Dantu Indu Sekhar was appointed as the Interim Resolution Professional (IRP).
Hearing he…
Interim moratorium commences from the date of…