The National Company Law Tribunal (NCLT), Hyderabad, is hearing a case under the Insolvency and Bankruptcy Code (IBC). The Central Bank of India filed a Company Petition (IB/247/2021) against Rajvir Industries Ltd. The respondents sought time for filing a counter.
The Central Bank of India initiated insolvency proceedings against Rajvir Industries Ltd by filing Company Petition IB/247/2021. The respondents requested time to file a counter. The petitioner proposed Dr. Kondapalli Venkat Srinivas as the Resolution Professional. The NCLT appointed Dr. Srinivas as the Interim Resolution Professional (IRP). An interim moratorium was imposed, preventing legal actions against the debtor and barring creditors from initiating new proceedings. The IRP is required to file a report within 10 days as per Section 99 of the IBC. The case was adjourned to 2021-11-17.
Sign in to view the parties.
Hearing he…
Respondents sought time…
The National Company Law Tribunal (NCLT), Hyderabad, is hearing a case under the Insolvency and Bankruptcy Code (IBC). The Central Bank of India filed a Company Petition (IB/247/2021) against Rajvir Industries Ltd. The respondents sought time for filing a counter.
The Central Bank of India initiated insolvency proceedings against Rajvir Industries Ltd by filing Company Petition IB/247/2021. The respondents requested time to file a counter. The petitioner proposed Dr. Kondapalli Venkat Srinivas as the Resolution Professional. The NCLT appointed Dr. Srinivas as the Interim Resolution Professional (IRP). An interim moratorium was imposed, preventing legal actions against the debtor and barring creditors from initiating new proceedings. The IRP is required to file a report within 10 days as per Section 99 of the IBC. The case was adjourned to 2021-11-17.
Hearing he…
Respondents sought time…