Bank of Maharashtra filed a petition against Smt. K Leela Kumari (Style N Supply Private Limited) under Section 95 of the IBC, 2016. The petition sought an interim moratorium and appointment of a Resolution Professional. The petition included a Deed of Guarantee. The court found a prima facie case for granting the interim moratorium and appointing a Resolution Professional. Shri. Murali Mohan Chevuturi was appointed as the Resolution Professional and directed to submit a report within 10 days. The interim moratorium was ordered to commence on the application date and cease on the admission date. The matter was listed for further hearing on 2023-03-23.

Bank of Maharashtra filed a petition against Smt. K Leela Kumari (Style N Supply Private Limited) under Section 95 of the IBC, 2016. The petition sought an interim moratorium and appointment of a Resolution Professional. The petition included a Deed of Guarantee. The court found a prima facie case for granting the interim moratorium and appointing a Resolution Professional. Shri. Murali Mohan Chevuturi was appointed as the Resolution Professional and directed to submit a report within 10 days. The interim moratorium was ordered to commence on the application date and cease on the admission date. The matter was listed for further hearing on 2023-03-23.