In the matter of State Bank of India v. Vangala Bikshapathi, [Cp (Ib) No. 395/95/HDB/2022]
Case brief
What is this about?
The Tribunal appointed Sreenivasa Rao Ravinuthala as the Resolution Professional for M/s. Maruthi Tubes Private Limited under Section 95 of the IBC, 2016 in the matter of State Bank of India. The petitioner was directed to pay interim expenses.
What did the court decide?
Appointment of Resolution Professional; Payment of Rs. 50,000 towards initial expenses; Adjournment to 26.02.2024.