State Bank of India filed a Company Petition IB/123/2022 against Mrs. Rajya Lakshmi & Chadalvada Infratech Ltd. under Section 95 of the IBC, 2016. Following the filing of the application, an interim moratorium commenced as per Section 96(1)(a) of the I&B Code, 2016. This moratorium entails the stay of any legal action or proceeding pending in respect of any debt and prevents creditors from initiating any legal action or proceedings in respect of any debt during the interim period. Shri Maligi Madhusudhana Reddy was appointed as the IRP and is required to submit a report within 10 days. The petitioner's counsel is directed to notify the respondents. The case is adjourned to 13.05.2022.

State Bank of India filed a Company Petition IB/123/2022 against Mrs. Rajya Lakshmi & Chadalvada Infratech Ltd. under Section 95 of the IBC, 2016. Following the filing of the application, an interim moratorium commenced as per Section 96(1)(a) of the I&B Code, 2016. This moratorium entails the stay of any legal action or proceeding pending in respect of any debt and prevents creditors from initiating any legal action or proceedings in respect of any debt during the interim period. Shri Maligi Madhusudhana Reddy was appointed as the IRP and is required to submit a report within 10 days. The petitioner's counsel is directed to notify the respondents. The case is adjourned to 13.05.2022.