The case involves a petition filed under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC) by a Financial Creditor, Bank of Baroda, against T. Sarita Reddy. The court has heard the Ld. Counsel for the Financial Creditor and perused the record.
Bank of Baroda filed a petition under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC) against T. Sarita Reddy. The Financial Creditor proposed Mr. Harish Kant Kaushik as the Resolution Professional (RP). The court appointed Mr. Kaushik as RP and directed him to submit a report under Section 99 of the IBC within 10 days. An interim moratorium was declared, preventing legal actions or proceedings regarding debts and prohibiting creditors from initiating any legal action or proceedings against the debtor. The Petitioner is directed to issue notice to the Respondent and file proof of the same by way of an Affidavit. The matter is adjourned to 2024-01-15.
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Hearing of the National…
Petition filed under…
The case involves a petition filed under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC) by a Financial Creditor, Bank of Baroda, against T. Sarita Reddy. The court has heard the Ld. Counsel for the Financial Creditor and perused the record.
Bank of Baroda filed a petition under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC) against T. Sarita Reddy. The Financial Creditor proposed Mr. Harish Kant Kaushik as the Resolution Professional (RP). The court appointed Mr. Kaushik as RP and directed him to submit a report under Section 99 of the IBC within 10 days. An interim moratorium was declared, preventing legal actions or proceedings regarding debts and prohibiting creditors from initiating any legal action or proceedings against the debtor. The Petitioner is directed to issue notice to the Respondent and file proof of the same by way of an Affidavit. The matter is adjourned to 2024-01-15.
Hearing of the National…
Petition filed under…