State Bank of India (Stressed Assets Management Branch) filed a company petition (IB/109/2022) against Mr. CH Adeiah under Section 95 of the IBC, 2016. The hearing took place on April 4, 2022, via video conference. Upon filing the petition, an interim moratorium commenced, as per Section 96(1)(a) of the IBC. Section 96(1)(b) governs legal actions during this period, staying any pending legal actions and preventing creditors from initiating new ones. Shri Maligi Madhusudhana Reddy was appointed as the IRP and is required to submit a report under Section 99 of the IBC within 10 days. The respondents must file a reply within one week, and the petitioner has one week to file a rejoinder. The case was adjourned to April 29, 2022.

State Bank of India (Stressed Assets Management Branch) filed a company petition (IB/109/2022) against Mr. CH Adeiah under Section 95 of the IBC, 2016. The hearing took place on April 4, 2022, via video conference. Upon filing the petition, an interim moratorium commenced, as per Section 96(1)(a) of the IBC. Section 96(1)(b) governs legal actions during this period, staying any pending legal actions and preventing creditors from initiating new ones. Shri Maligi Madhusudhana Reddy was appointed as the IRP and is required to submit a report under Section 99 of the IBC within 10 days. The respondents must file a reply within one week, and the petitioner has one week to file a rejoinder. The case was adjourned to April 29, 2022.