Bank of Maharastra filed an application against Mr. Marella Srinivasa Reddy (Maven Life Sciences Pvt Ltd) as a Personal Guarantor. The Tribunal ordered notice to the Personal Guarantor, which was duly served, but the Personal Guarantor did not appear or contest the Petition. The Tribunal was satisfied that the Petitioner had made out a case for admission of the Application of IRP. The company petition was admitted, declaring a moratorium with effect from the date of the order. Shri Golla Rama Kanth Rao was appointed as the IRP. The IRP is required to file a report under Section 99 of the Code within 10 days from the date of his appointment. The interim moratorium commences from the date of filing the application under Section 96(1)(a) of IBC, 2016. The matter was

Bank of Maharastra filed an application against Mr. Marella Srinivasa Reddy (Maven Life Sciences Pvt Ltd) as a Personal Guarantor. The Tribunal ordered notice to the Personal Guarantor, which was duly served, but the Personal Guarantor did not appear or contest the Petition. The Tribunal was satisfied that the Petitioner had made out a case for admission of the Application of IRP. The company petition was admitted, declaring a moratorium with effect from the date of the order. Shri Golla Rama Kanth Rao was appointed as the IRP. The IRP is required to file a report under Section 99 of the Code within 10 days from the date of his appointment. The interim moratorium commences from the date of filing the application under Section 96(1)(a) of IBC, 2016. The matter was