The case pertains to CP (IB) No. 393/95/HDB/2022 under Section 95 of the IBC, 2016. The matter involves State Bank of India as the Petitioner and Mr. Manchala Chandraiah (M/s. Maruthi Tubes Private Limited) as the Respondent. The order was issued following a judgment by the Supreme Court of India in Surendra B. Jiwrajka vs Omkara Assets Reconstruction Private Limited in W.P.(C) No. 149/2022.
State Bank of India filed a case, CP (IB) No. 393/95/HDB/2022, under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, against Mr. Manchala Chandraiah (M/s. Maruthi Tubes Private Limited). Following a Supreme Court judgment in Surendra B. Jiwrajka vs Omkara Assets Reconstruction Private Limited, the National Company Law Tribunal (NCLT), Hyderabad Bench, appointed Shri. Sreenivasa Rao Ravinuthala as the Resolution Professional, ensuring his registration with the IBBI. The petitioner, State Bank of India, is required to pay Rs. 50,000 towards initial expenses. The case is adjourned to 26.02.2024 for a report.
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Attendance cum order…
Matter stands a…
The case pertains to CP (IB) No. 393/95/HDB/2022 under Section 95 of the IBC, 2016. The matter involves State Bank of India as the Petitioner and Mr. Manchala Chandraiah (M/s. Maruthi Tubes Private Limited) as the Respondent. The order was issued following a judgment by the Supreme Court of India in Surendra B. Jiwrajka vs Omkara Assets Reconstruction Private Limited in W.P.(C) No. 149/2022.
State Bank of India filed a case, CP (IB) No. 393/95/HDB/2022, under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, against Mr. Manchala Chandraiah (M/s. Maruthi Tubes Private Limited). Following a Supreme Court judgment in Surendra B. Jiwrajka vs Omkara Assets Reconstruction Private Limited, the National Company Law Tribunal (NCLT), Hyderabad Bench, appointed Shri. Sreenivasa Rao Ravinuthala as the Resolution Professional, ensuring his registration with the IBBI. The petitioner, State Bank of India, is required to pay Rs. 50,000 towards initial expenses. The case is adjourned to 26.02.2024 for a report.
Attendance cum order…
Matter stands a…