The document pertains to a case before the National Company Law Tribunal (NCLT), Hyderabad, concerning a company petition/application under the Insolvency and Bankruptcy Code (IBC). The case involves Varam Bio Energy Ltd as the corporate debtor, with State Bank of India as the petitioner. The matter was heard through video conference.
The case involves a company petition/application filed by State Bank of India against Varam Bio Energy Ltd under Section 95 of the IBC. The NCLT Hyderabad heard the matter and declared an interim moratorium. Shri Dantu Indu Sekhar was appointed as the Interim Resolution Professional (IRP). The respondents were directed to file a reply within two weeks, and the petitioners were given two weeks thereafter to file a rejoinder. The case was adjourned to 2021-09-08. The interim moratorium is a crucial fact as it stays any legal action or proceeding pending in respect of any debt and prevents creditors from initiating any legal action or proceedings in respect of any debt.
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Hearing he…
Interim moratorium commences from the date of…
The document pertains to a case before the National Company Law Tribunal (NCLT), Hyderabad, concerning a company petition/application under the Insolvency and Bankruptcy Code (IBC). The case involves Varam Bio Energy Ltd as the corporate debtor, with State Bank of India as the petitioner. The matter was heard through video conference.
The case involves a company petition/application filed by State Bank of India against Varam Bio Energy Ltd under Section 95 of the IBC. The NCLT Hyderabad heard the matter and declared an interim moratorium. Shri Dantu Indu Sekhar was appointed as the Interim Resolution Professional (IRP). The respondents were directed to file a reply within two weeks, and the petitioners were given two weeks thereafter to file a rejoinder. The case was adjourned to 2021-09-08. The interim moratorium is a crucial fact as it stays any legal action or proceeding pending in respect of any debt and prevents creditors from initiating any legal action or proceedings in respect of any debt.
Hearing he…
Interim moratorium commences from the date of…