# In the matter of Mata Energy Limited

> NCLT judgment dated 2024-08-06. Citation: TCN-2024-NCLT-00872. The case pertains to an IA (IBC) (Liq.,) Progress Report 12/2024 filed in CP(IB)…

- **Court:** NCLT
- **Order date:** 6 Aug 2024
- **Citation:** TCN-2024-NCLT-00872
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/mata-energy-limited-61c92a53

## Summary

### Background

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.

## Facts

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.

## Issues and analysis

### Issue 1: Whether IA (IBC) (Liq.,) Progress Report 12/2024 has become infructuous due to the order of the …

**Ratio:** An interim application becomes infructuous when a higher court or authority issues an

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**Reasoning:** The court reasoned that since the Hon'ble NCLAT had already issued an order related to

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**Interpretation:** The interpretation is that the NCLAT's order takes precedence, rendering the IA

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**Application:** In this case, the NCLAT's order dated 15.07.2024 directly impacted the subject

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## Parties

- **Judges:** Venkata Ramakrishn…; SH. CHARAN…
- **Respondents:** Mata Ener…

## Timeline

- **2024-07-15 — NCLAT Or…**: Hon'ble NCLAT ordered that the Adjudicating…
- **2024-08-06 — Hearing…**: Hearing held on 06-08-2024 at 10:30 AM where IA (IBC) (Liq.,) Progress Report 12/2024 was…

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