The case pertains to a Company Petition IB/105/2022 filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was filed by State Bank of India (Stressed Assets Management Branch) against Mr. G. Subba Rao. The hearing was held on April 4, 2022, via video conference.
State Bank of India (Stressed Assets Management Branch) filed a Company Petition IB/105/2022 against Mr. G. Subba Rao under Section 95 of the IBC, 2016. The hearing took place on April 4, 2022, via video conference. The court initiated an interim moratorium from the date of filing the petition, referencing Section 96 (1)(a) and (b) of the I&B Code, 2016, which governs legal actions during the moratorium. Shri Maligi Madhusudhana Reddy was appointed as the Interim Resolution Professional (IRP) and was instructed to submit a report under Section 99 of the IBC within 10 days. The respondents were directed to file a reply within one week, and the petitioner was allowed time to file a rejoinder. The matter was adjourned to April 29, 2022. The key facts are the filing of
…Sign in to view the parties.
Hearing held on April…
Interim Moratorium…
The case pertains to a Company Petition IB/105/2022 filed under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The petition was filed by State Bank of India (Stressed Assets Management Branch) against Mr. G. Subba Rao. The hearing was held on April 4, 2022, via video conference.
State Bank of India (Stressed Assets Management Branch) filed a Company Petition IB/105/2022 against Mr. G. Subba Rao under Section 95 of the IBC, 2016. The hearing took place on April 4, 2022, via video conference. The court initiated an interim moratorium from the date of filing the petition, referencing Section 96 (1)(a) and (b) of the I&B Code, 2016, which governs legal actions during the moratorium. Shri Maligi Madhusudhana Reddy was appointed as the Interim Resolution Professional (IRP) and was instructed to submit a report under Section 99 of the IBC within 10 days. The respondents were directed to file a reply within one week, and the petitioner was allowed time to file a rejoinder. The matter was adjourned to April 29, 2022. The key facts are the filing of
…Hearing held on April…
Interim Moratorium…