# In the matter of State Bank of India Vs. G Narayanamma, CP (IB)/132/2022

> NCLT judgment dated 2022-04-20. Citation: TCN-2022-NCLT-04949. The case pertains to a Company Petition filed under Section 95 of the IBC, 2016.

- **Court:** NCLT
- **Order date:** 20 Apr 2022
- **Citation:** TCN-2022-NCLT-04949
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/state-bank-of-india-vs-g-narayanamma-cp-12f528f8

## Summary

### Background

The case pertains to a Company Petition filed under Section 95 of the IBC, 2016.

## Facts

State Bank of India filed a Company Petition.

The petition is under Section 95 of the IBC, 2016.

The court ordered the commencement of an interim moratorium from the date of filing the application under section 96(1)(a) of the I&B Code, 2016.

Legal actions are governed under section 96(1)(b) of the I&B Code, 2016.

Shri Maligi Madhusudhana Reddy is appointed as IRP.

The IRP is required to file a report under section 99 of the I&B Code, 2016 within 10 days.

Learned Counsel for the petitioner is directed to issue notice to the respondents and file proof of service.

The matter is adjourned to 13.05.2022.

## Issues and analysis

### Issue 1: Whether an interim …

**Ratio:** Section 96(1)(a) of the

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**Reasoning:** The court considered the application and

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**Interpretation:** The interim moratorium commences from

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**Application:** The court ordered the

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## Parties

- **Judges:** Venkata Ramakrishn…; SH. VEERA BRAHMA…
- **Appellants:** State Bank of…
- **Respondents:** Chadalvada…; G. Naraya…
- **Other parties:** Maligi Madhusudhan…
- **Advocates:** Alluri Krishnam…

## Timeline

- **2022-04-20 — Hearing…**: Hearing held on…
- **2022-05-13 — Adjournmen…**: The matter stands…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 95 — Application by creditor to initiate insolvency…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-95)

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