The case involves a petition filed by the Bank of Maharashtra against Smt. K Leela Kumari (Style N Supply Private Limited) under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner sought an interim moratorium and the appointment of a Resolution Professional. The court perused the record, including the Deed of Guarantee, and found a prima facie case for granting the interim moratorium.
Bank of Maharashtra filed a petition against Smt. K Leela Kumari (Style N Supply Private Limited) under Section 95 of the IBC, seeking an interim moratorium and appointment of a Resolution Professional. The petition was accompanied by a Deed of Guarantee and other documents as required by Section 95(4) of the IBC. The petitioner also proposed Shri. Murali Mohan Chevuturi as the Resolution Professional, with his written consent. The court found a prima facie case for granting the interim moratorium.
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The case involves a petition filed by the Bank of Maharashtra against Smt. K Leela Kumari (Style N Supply Private Limited) under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner sought an interim moratorium and the appointment of a Resolution Professional. The court perused the record, including the Deed of Guarantee, and found a prima facie case for granting the interim moratorium.
Bank of Maharashtra filed a petition against Smt. K Leela Kumari (Style N Supply Private Limited) under Section 95 of the IBC, seeking an interim moratorium and appointment of a Resolution Professional. The petition was accompanied by a Deed of Guarantee and other documents as required by Section 95(4) of the IBC. The petitioner also proposed Shri. Murali Mohan Chevuturi as the Resolution Professional, with his written consent. The court found a prima facie case for granting the interim moratorium.
Hearing he…
Matter listed for…