The State Bank of India filed an application under Section 95 of the IBC against GKC Projects Ltd. The court considered the application and the appearance of counsels for the Financial Creditor (FC) and the Corporate Debtor. An interim moratorium was ordered, effective from the date of filing the application. Shri Raghu Babu Gunturu was appointed as the Interim Resolution Professional (IRP). The IRP is required to submit a report under Section 99 of the IBC within 10 days. The respondents are required to file a reply within two weeks, and the petitioners may file a rejoinder within two weeks thereafter. The case was adjourned to 2021-09-01.

The State Bank of India filed an application under Section 95 of the IBC against GKC Projects Ltd. The court considered the application and the appearance of counsels for the Financial Creditor (FC) and the Corporate Debtor. An interim moratorium was ordered, effective from the date of filing the application. Shri Raghu Babu Gunturu was appointed as the Interim Resolution Professional (IRP). The IRP is required to submit a report under Section 99 of the IBC within 10 days. The respondents are required to file a reply within two weeks, and the petitioners may file a rejoinder within two weeks thereafter. The case was adjourned to 2021-09-01.