The case involves an application under Section 95 of the Insolvency and Bankruptcy Code (IBC) 2016. The court is considering an application related to Varam Bio Energy Ltd. State Bank of India is the petitioner, and Satyanarayana Malla & Varam Bio Energy Ltd are the respondents.
State Bank of India filed an application against Satyanarayana Malla & Varam Bio Energy Ltd under Section 95 of the IBC. The application seeks to initiate insolvency proceedings against the respondents. Upon filing the application, an interim moratorium commences, staying any legal actions or proceedings against the debtor. Shri Dantu Indu Sekhar is appointed as the IRP to file a report under Section 99 of the IBC within ten days of his appointment. The respondents are required to file a reply within two weeks, and the petitioners can file a rejoinder within two weeks thereafter. The case is adjourned to 08.09.2021.
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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 court is considering an application related to Varam Bio Energy Ltd. State Bank of India is the petitioner, and Satyanarayana Malla & Varam Bio Energy Ltd are the respondents.
State Bank of India filed an application against Satyanarayana Malla & Varam Bio Energy Ltd under Section 95 of the IBC. The application seeks to initiate insolvency proceedings against the respondents. Upon filing the application, an interim moratorium commences, staying any legal actions or proceedings against the debtor. Shri Dantu Indu Sekhar is appointed as the IRP to file a report under Section 99 of the IBC within ten days of his appointment. The respondents are required to file a reply within two weeks, and the petitioners can file a rejoinder within two weeks thereafter. The case is adjourned to 08.09.2021.
Hearing he…
Interim moratorium commences from the date of…