The National Company Law Tribunal (NCLT), Hyderabad Bench, convened a special bench via video conference to address Company Petition IB/224/2022. The petition involves State Bank of India Stressed Assets Management Branch-II as the petitioner and Yarlagadda Padmavathi as the respondent. The petition is filed under Section 95 of the Insolvency and Bankruptcy Code (IBC).
State Bank of India Stressed Assets Management Branch-II filed a Company Petition (IB/224/2022) against Yarlagadda Padmavathi under Section 95 of the IBC. Upon filing the petition, an interim moratorium was triggered under Section 96(1) of the IBC. The tribunal appointed Mr. Raghu Babu Gunturu as the RP and directed him to submit a report within 10 days. The Financial Creditor was instructed to provide a copy of the order and application to the RP and to issue notice to the Respondent. The Financial Creditor was also directed to pay Rs. 50,000 to the RP to cover expenses. The case was listed for further hearing on 2022-08-29.
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Hearing of Company…
Interim Moratorium commences from the date of…
The National Company Law Tribunal (NCLT), Hyderabad Bench, convened a special bench via video conference to address Company Petition IB/224/2022. The petition involves State Bank of India Stressed Assets Management Branch-II as the petitioner and Yarlagadda Padmavathi as the respondent. The petition is filed under Section 95 of the Insolvency and Bankruptcy Code (IBC).
State Bank of India Stressed Assets Management Branch-II filed a Company Petition (IB/224/2022) against Yarlagadda Padmavathi under Section 95 of the IBC. Upon filing the petition, an interim moratorium was triggered under Section 96(1) of the IBC. The tribunal appointed Mr. Raghu Babu Gunturu as the RP and directed him to submit a report within 10 days. The Financial Creditor was instructed to provide a copy of the order and application to the RP and to issue notice to the Respondent. The Financial Creditor was also directed to pay Rs. 50,000 to the RP to cover expenses. The case was listed for further hearing on 2022-08-29.
Hearing of Company…
Interim Moratorium commences from the date of…