ICICI Bank Ltd has filed a Company Petition (IB/143/2022) under Section 95 of the IBC, 2016 against Mr. Prakash Chand Gupta & M/s. MBS Impex Pvt Ltd. The court has ordered an interim moratorium, which commences from the date of filing the application. This moratorium stays any pending legal actions or proceedings related to the debt and prevents creditors from initiating new actions. Shri Vamsi Kambhammettu is appointed as the Interim Resolution Professional (IRP) and is required to file a report under Section 99 of the IBC within 10 days. The respondents are required to file a reply within two weeks, with the petitioner having the option to file a rejoinder within two weeks thereafter. The Corporate Debtor is put under CIRP. The case is adjourned to 30.05.2022.

ICICI Bank Ltd has filed a Company Petition (IB/143/2022) under Section 95 of the IBC, 2016 against Mr. Prakash Chand Gupta & M/s. MBS Impex Pvt Ltd. The court has ordered an interim moratorium, which commences from the date of filing the application. This moratorium stays any pending legal actions or proceedings related to the debt and prevents creditors from initiating new actions. Shri Vamsi Kambhammettu is appointed as the Interim Resolution Professional (IRP) and is required to file a report under Section 99 of the IBC within 10 days. The respondents are required to file a reply within two weeks, with the petitioner having the option to file a rejoinder within two weeks thereafter. The Corporate Debtor is put under CIRP. The case is adjourned to 30.05.2022.