M/s. Glochem Industries Pvt Ltd filed a petition under Section 95 of the IBC, 2016, seeking the appointment of an Interim Resolution Professional (IRP). The Tribunal found Mr. Sivarama Prasad Bhamidi suitable for the role, as his name appeared in the IBBI database. The Tribunal then appointed Mr. Bhamidi as the IRP and imposed an interim moratorium, preventing legal actions or proceedings against the debtor. The petitioner was directed to pay Rs. 50,000 towards expenses and to serve notice to the respondent, Mr. Pathapati Kirshna Murthy. The case was adjourned to 21.07.2023.

M/s. Glochem Industries Pvt Ltd filed a petition under Section 95 of the IBC, 2016, seeking the appointment of an Interim Resolution Professional (IRP). The Tribunal found Mr. Sivarama Prasad Bhamidi suitable for the role, as his name appeared in the IBBI database. The Tribunal then appointed Mr. Bhamidi as the IRP and imposed an interim moratorium, preventing legal actions or proceedings against the debtor. The petitioner was directed to pay Rs. 50,000 towards expenses and to serve notice to the respondent, Mr. Pathapati Kirshna Murthy. The case was adjourned to 21.07.2023.