Authority: National Company Law Tribunal, Hyderabad Bench - 1
Order Date: 15-07-2026
Case Overview
The matter involves liquidation proceedings against Mata Energy Ltd, initiated under Section 7 of the Insolvency and Bankruptcy Code, 2016 by Financial Creditor State Bank of India. The case is registered as CP(IB) No. 103/7/HDB/2020. The hearing was conducted in hybrid mode (VC and Physical) before a bench comprising Hon'ble Member (Judicial) Shri Rajeev Bhardwaj and Hon'ble Member (Technical) Shri Sanjay Puri. The Liquidator, Mr. Kasi Srinivas, filed an application (IA (IBC) (Liq) (Progress Report) 101/2026) seeking to place on record the 8th Progress Report covering the liquidation activities for the first quarter of financial year 2026-2027, specifically the period ending June 30, 2026.
Final Outcome
The Tribunal allowed the application and took the 8th Progress Report on record. The application was disposed of accordingly with both members signing the order.
Topics: Insolvency Proceedings, Liquidation Update, NCLT Order