The case pertains to CP (IB) No.347/95/HDB/2022 filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner, M/s. Glochem Industries Pvt Ltd, sought the appointment of an Interim Resolution Professional (IRP).
M/s. Glochem Industries Pvt Ltd filed a petition (CP (IB) No.347/95/HDB/2022) under Section 95 of the IBC, 2016. The petitioner requested the Tribunal to appoint an IRP. The Tribunal found Mr. Sivarama Prasad Bhamidi suitable, based on his IBBI registration. The order imposes an interim moratorium, preventing legal actions against the debtor and barring creditors from initiating new actions. The petitioner is required to pay Rs. 50,000 for expenses and notify the respondent, Mr. Pathapati Kirshna Murthy (Satva Infratech Pvt Ltd). The case was adjourned to 21.07.2023.
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Hearing he…
Mr. Sivarama Prasad…
The case pertains to CP (IB) No.347/95/HDB/2022 filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner, M/s. Glochem Industries Pvt Ltd, sought the appointment of an Interim Resolution Professional (IRP).
M/s. Glochem Industries Pvt Ltd filed a petition (CP (IB) No.347/95/HDB/2022) under Section 95 of the IBC, 2016. The petitioner requested the Tribunal to appoint an IRP. The Tribunal found Mr. Sivarama Prasad Bhamidi suitable, based on his IBBI registration. The order imposes an interim moratorium, preventing legal actions against the debtor and barring creditors from initiating new actions. The petitioner is required to pay Rs. 50,000 for expenses and notify the respondent, Mr. Pathapati Kirshna Murthy (Satva Infratech Pvt Ltd). The case was adjourned to 21.07.2023.
Hearing he…
Mr. Sivarama Prasad…