Disposed
In the matter of State Bank of India v. Manchala Chandraiah, [Cp (Ib) No. 393/95/HDB/2022]
NCLTCP (IB) No. 393/95/HDB/2022
Case brief
AI extract
What is this about?
The Tribunal appointed Sreenivasa Rao Ravinuthala as resolution professional under Section 95 of the IBC, 2016, following a Supreme Court judgment. The petitioner was directed to pay Rs. 50,000 towards initial expenses, and the matter was adjourned for the report.
What did the court decide?
Appointment of resolution professional and direction to pay Rs. 50,000 towards initial expenses.