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 imposed, preventing legal actions against the debtor and restricting creditors from initiating new legal actions. The petitioner is directed to issue notice to the respondent and file proof of the same by way of an affidavit. The case was adjourned to 2024-01-15.

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 imposed, preventing legal actions against the debtor and restricting creditors from initiating new legal actions. The petitioner is directed to issue notice to the respondent and file proof of the same by way of an affidavit. The case was adjourned to 2024-01-15.