State Bank of India (Stressed Assets Management Branch) filed a company petition (IB/111/2022) against Mr. T. Padmavathi under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The hearing took place on April 4, 2022, via video conference. Upon filing the petition, an interim moratorium was initiated as per Section 96(1)(a) of the I&B Code, 2016. Shri Maligi Madhusudhana Reddy was appointed as the Interim Resolution Professional (IRP) and is required to submit a report under Section 99 of the IBC within 10 days of his appointment. The respondent, Mr. T. Padmavathi, is required to file a reply within one week, with the petitioner having one week thereafter to file a rejoinder. The matter was adjourned to April 29, 2022.

State Bank of India (Stressed Assets Management Branch) filed a company petition (IB/111/2022) against Mr. T. Padmavathi under Section 95 of the Insolvency and Bankruptcy Code (IBC), 2016. The hearing took place on April 4, 2022, via video conference. Upon filing the petition, an interim moratorium was initiated as per Section 96(1)(a) of the I&B Code, 2016. Shri Maligi Madhusudhana Reddy was appointed as the Interim Resolution Professional (IRP) and is required to submit a report under Section 99 of the IBC within 10 days of his appointment. The respondent, Mr. T. Padmavathi, is required to file a reply within one week, with the petitioner having one week thereafter to file a rejoinder. The matter was adjourned to April 29, 2022.