The National Company Law Tribunal, Hyderabad Bench, allowed Company Petition No. 645/7/HDB/2018 under Section 7 of the IBC, 2016. The court admitted Vibha Agro Tech Limited into CIRP and imposed a moratorium.
Admission of Corporate Debtor into CIRP and imposition of moratorium.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
S.No.1
IN THE NATIONAL COMPANY LAW TRIBUNAL HYDERABAD BENCH – 1 ATTENDANCE CUM ORDER SHEET OF THE HEARING HELD ON
05-06-2023 AT 10:30 AM
CP(IB) No.645/7/HDB/2018 u/s. 7 of IBC, 2016
IN THE MATTER OF: State Bank of India (Stressesd Assets Management Branch) …Financial Creditor VS Vibha Agro Tech Limited …Corporate Debtor
C O R A M:-
DR. VENKATA RAMAKRISHNA BADARINATH NANDULA, HON’BLE MEMBER (JUDICIAL) SH. CHARAN SINGH, HON’BLE MEMBER (TECHNICAL)
O R D E R
CP645/2018
Orders in CP 645/7/HDB/2018 pronounced. Recorded vide separate sheets. This Company Petition is hereby allowed. Corporate Debtor is admitted into CIRP as per the terms mentioned in the order. Moratorium imposed.
SD/- MEMBER (T)
SD/-
MEMBER (J)
2 issues framed by the court
Whether to admit the application under Section 7 of the IBC, 2016.
Whether to initiate Corporate Insolvency Resolution Process against the Corporate Debtor.
1 provisions across 1 enactments
State Bank of India (Stressesd Assets Management Branch)
Venkata Ramakrishna Badarinath Nandula
Charan Singh
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
