State Bank of India filed a company petition against R.E. Cables & Conductors Pvt Ltd under Section 95 of the IBC. The court is considering the commencement of an interim moratorium. The IRP has been appointed and directed to file a report under Section 99 of the IBC within 10 days. The Respondents are directed to file a reply within two weeks, and the Petitioner is to file a rejoinder within two weeks thereafter. The interim moratorium commences from the date of filing of the Petition under Section 96 (1) (a) of I&B Code, 2016. The relevance of these facts lies in the application of the IBC provisions regarding interim moratorium and the process of resolution for individual debtors.

State Bank of India filed a company petition against R.E. Cables & Conductors Pvt Ltd under Section 95 of the IBC. The court is considering the commencement of an interim moratorium. The IRP has been appointed and directed to file a report under Section 99 of the IBC within 10 days. The Respondents are directed to file a reply within two weeks, and the Petitioner is to file a rejoinder within two weeks thereafter. The interim moratorium commences from the date of filing of the Petition under Section 96 (1) (a) of I&B Code, 2016. The relevance of these facts lies in the application of the IBC provisions regarding interim moratorium and the process of resolution for individual debtors.