The case pertains to an IA (IBC) (Liq.,) Progress Report 12/2024 filed in CP(IB) No.103/7/HDB/2020 under Section 7 of the IBC, 2016. The matter involves State Bank of India as the Financial Creditor and Mata Energy Ltd as the Corporate Debtor. The Hon'ble NCLAT had ordered that the Adjudicating Authority is required to decide IA No 5/2024.
The case involves an IA (IBC) (Liq.,) Progress Report 12/2024 in connection with CP(IB) No.103/7/HDB/2020, filed under Section 7 of the IBC, 2016. State Bank of India is the Financial Creditor, and Mata Energy Ltd is the Corporate Debtor. The Hon'ble NCLAT had previously ordered the Adjudicating Authority to decide IA No 5/2024. The current IA has been rendered infructuous by the NCLAT's order dated 15.07.2024. The liquidator's report was not taken on record, and the liquidator has been discharged. The next hearing for IA No 05/2024 is scheduled for 28.08.2024. Mr. Bendi Ravi Teja, learned counsel, appeared for the applicant/liquidator, and Mr. K Srinivas, the liquidator, was present physically.
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Hon'ble NCLAT ordered…
Hearing held on 06-08-2024 at 10:30 AM where IA…
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The case pertains to an IA (IBC) (Liq.,) Progress Report 12/2024 filed in CP(IB) No.103/7/HDB/2020 under Section 7 of the IBC, 2016. The matter involves State Bank of India as the Financial Creditor and Mata Energy Ltd as the Corporate Debtor. The Hon'ble NCLAT had ordered that the Adjudicating Authority is required to decide IA No 5/2024.
The case involves an IA (IBC) (Liq.,) Progress Report 12/2024 in connection with CP(IB) No.103/7/HDB/2020, filed under Section 7 of the IBC, 2016. State Bank of India is the Financial Creditor, and Mata Energy Ltd is the Corporate Debtor. The Hon'ble NCLAT had previously ordered the Adjudicating Authority to decide IA No 5/2024. The current IA has been rendered infructuous by the NCLAT's order dated 15.07.2024. The liquidator's report was not taken on record, and the liquidator has been discharged. The next hearing for IA No 05/2024 is scheduled for 28.08.2024. Mr. Bendi Ravi Teja, learned counsel, appeared for the applicant/liquidator, and Mr. K Srinivas, the liquidator, was present physically.
Hon'ble NCLAT ordered…
Hearing held on 06-08-2024 at 10:30 AM where IA…
Sign in to view related legal provisions.