This is a petition filed under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC) by a Financial Creditor. The court has heard the Ld. Counsel for the Financial Creditor and perused the record.
Bank of Baroda Ltd. filed a petition under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Mr. T.V. Sandeep Reddy, the respondent. The Financial Creditor proposed Mr. Harish Kant Kaushik as the Resolution Professional (RP). The court considered the petition and the proposal for the RP's appointment. The court then appointed Mr. Harish Kant Kaushik as the RP and directed him to submit a report under Section 99 of IBC within 10 days. An interim moratorium was imposed, preventing legal actions 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 15.01.2024.
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Hearing of the National…
Mr. Harish Kant Kaushik…
This is a petition filed under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC) by a Financial Creditor. The court has heard the Ld. Counsel for the Financial Creditor and perused the record.
Bank of Baroda Ltd. filed a petition under Section 95 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Mr. T.V. Sandeep Reddy, the respondent. The Financial Creditor proposed Mr. Harish Kant Kaushik as the Resolution Professional (RP). The court considered the petition and the proposal for the RP's appointment. The court then appointed Mr. Harish Kant Kaushik as the RP and directed him to submit a report under Section 99 of IBC within 10 days. An interim moratorium was imposed, preventing legal actions 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 15.01.2024.
Hearing of the National…
Mr. Harish Kant Kaushik…