State Bank of India filed a Company Petition IB/123/2022 under Section 95 of the IBC, 2016 against Mrs. Rajya Lakshmi & Chadalvada Infratech Ltd. The court considered the application and noted that an interim moratorium commences from the date of filing the application under Section 96(1)(a) of the I&B Code, 2016. The order references Section 96(1)(b) of the I&B Code, 2016, which details the effects of the interim moratorium, specifically staying legal actions and preventing initiation of new actions by creditors. Shri Maligi Madhusudhana Reddy is appointed as 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 under Section 95 of the IBC, 2016 against Mrs. Rajya Lakshmi & Chadalvada Infratech Ltd. The court considered the application and noted that an interim moratorium commences from the date of filing the application under Section 96(1)(a) of the I&B Code, 2016. The order references Section 96(1)(b) of the I&B Code, 2016, which details the effects of the interim moratorium, specifically staying legal actions and preventing initiation of new actions by creditors. Shri Maligi Madhusudhana Reddy is appointed as 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.