The case pertains to a Company Petition (IB/101/2022) filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was heard by the National Company Law Tribunal (NCLT), Hyderabad Bench. State Bank of India (Stressed Assets Management Branch) is the petitioner, and Mr. CH Ravindra Babu is the respondent.
State Bank of India (Stressed Assets Management Branch) filed a petition (IB/101/2022) against Mr. CH Ravindra Babu under Section 95 of the IBC, 2016. Following the filing of the petition, the NCLT, Hyderabad Bench, initiated an interim moratorium as per Section 96(1)(a) of the IBC. The order specifies that any legal action or proceeding pending in respect of any debt shall be deemed to have been stayed, and the creditors of the debtor shall not initiate any legal action or proceedings in respect of any debt during the interim-moratorium period. 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 of his appointment. The respondent is required to file a reply within one week, and the
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Hearing held on…
Interim Moratorium commences from the date of…
The case pertains to a Company Petition (IB/101/2022) filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was heard by the National Company Law Tribunal (NCLT), Hyderabad Bench. State Bank of India (Stressed Assets Management Branch) is the petitioner, and Mr. CH Ravindra Babu is the respondent.
State Bank of India (Stressed Assets Management Branch) filed a petition (IB/101/2022) against Mr. CH Ravindra Babu under Section 95 of the IBC, 2016. Following the filing of the petition, the NCLT, Hyderabad Bench, initiated an interim moratorium as per Section 96(1)(a) of the IBC. The order specifies that any legal action or proceeding pending in respect of any debt shall be deemed to have been stayed, and the creditors of the debtor shall not initiate any legal action or proceedings in respect of any debt during the interim-moratorium period. 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 of his appointment. The respondent is required to file a reply within one week, and the
…Hearing held on…
Interim Moratorium commences from the date of…