The case pertains to CP (IB) No. 387/95/HDB/2022 under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter involves State Bank of India as the petitioner and Mr. Manchala Nagesh Kumar (M/s. Maruthi Tubes Private Limited) as the respondent. The hearing was held in VC and Physical (Hybrid) mode.
State Bank of India filed a petition against Mr. Manchala Nagesh Kumar (M/s. Maruthi Tubes Private Limited) under Section 95 of the IBC, 2016. The National Company Law Tribunal (NCLT), Hyderabad Bench-1, conducted a hearing on 09-02-2024. Following the Supreme Court's judgment in Surendra B. Jiwrajka vs Omkara Assets Reconstruction Private Limited, the NCLT appointed Shri. Sreenivasa Rao Ravinuthala as the Resolution Professional, with Registration No. IBBI/IPA-003/IP-N00081/2017-2018/10704. The petitioner, State Bank of India, was directed to pay Rs. 50,000 towards initial expenses, and the matter was adjourned to 26.02.2024 for report.
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Hearing held at the…
Matter adjour…
The case pertains to CP (IB) No. 387/95/HDB/2022 under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter involves State Bank of India as the petitioner and Mr. Manchala Nagesh Kumar (M/s. Maruthi Tubes Private Limited) as the respondent. The hearing was held in VC and Physical (Hybrid) mode.
State Bank of India filed a petition against Mr. Manchala Nagesh Kumar (M/s. Maruthi Tubes Private Limited) under Section 95 of the IBC, 2016. The National Company Law Tribunal (NCLT), Hyderabad Bench-1, conducted a hearing on 09-02-2024. Following the Supreme Court's judgment in Surendra B. Jiwrajka vs Omkara Assets Reconstruction Private Limited, the NCLT appointed Shri. Sreenivasa Rao Ravinuthala as the Resolution Professional, with Registration No. IBBI/IPA-003/IP-N00081/2017-2018/10704. The petitioner, State Bank of India, was directed to pay Rs. 50,000 towards initial expenses, and the matter was adjourned to 26.02.2024 for report.
Hearing held at the…
Matter adjour…