This is an application filed by the Financial Creditor, Bank of Maharastra, against the Personal Guarantor, Mr. Donkena Yadagiri (Maven Life Sciences Pvt Ltd). The Tribunal ordered notice to the Personal Guarantor, which was duly served. However, the Personal Guarantor did not appear and contest the Petition, and was set ex-parte.
Bank of Maharastra filed an application against Mr. Donkena Yadagiri (Maven Life Sciences Pvt Ltd) as a Personal Guarantor. The Tribunal served notice to the Personal Guarantor, but he did not appear or contest the petition. The Tribunal reviewed the petition and found that the Petitioner had made a case for the admission of an IRP. The Tribunal admitted the company petition, declared a moratorium, and appointed Shri Golla Rama Kanth Rao as the IRP. The IRP is required to file a report within 10 days. The Respondents are required to file a reply within two weeks, and the Petitioner may file a rejoinder within two weeks thereafter. The case was adjourned to 29.05.2023. The interim moratorium commences from the date of filing the application under Section 96(1)(a) of
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Hearing he…
Tribunal admits company…
This is an application filed by the Financial Creditor, Bank of Maharastra, against the Personal Guarantor, Mr. Donkena Yadagiri (Maven Life Sciences Pvt Ltd). The Tribunal ordered notice to the Personal Guarantor, which was duly served. However, the Personal Guarantor did not appear and contest the Petition, and was set ex-parte.
Bank of Maharastra filed an application against Mr. Donkena Yadagiri (Maven Life Sciences Pvt Ltd) as a Personal Guarantor. The Tribunal served notice to the Personal Guarantor, but he did not appear or contest the petition. The Tribunal reviewed the petition and found that the Petitioner had made a case for the admission of an IRP. The Tribunal admitted the company petition, declared a moratorium, and appointed Shri Golla Rama Kanth Rao as the IRP. The IRP is required to file a report within 10 days. The Respondents are required to file a reply within two weeks, and the Petitioner may file a rejoinder within two weeks thereafter. The case was adjourned to 29.05.2023. The interim moratorium commences from the date of filing the application under Section 96(1)(a) of
…Hearing he…
Tribunal admits company…