Authority: National Company Law Tribunal, Hyderabad Bench – 1
Order Date: 15-06-2026
Case Overview
This order pertains to an ongoing insolvency proceeding initiated by State Bank of India (Financial Creditor) against Simhapuri Energy Ltd (Corporate Debtor) under Section 7 of the Insolvency and Bankruptcy Code, 2016. The case is registered as CP(IB) No. 13/7/HDB/2020. The hearing on 15th June 2026 was for an Interlocutory Application, IA(IBC) 129/2021, filed within this main petition.
Final Outcome
The bench, comprising Member (Judicial) Sh. Rajeev Bhardwaj and Member (Technical) Sh. Sanjay Puri, issued a procedural order. Respondent No.8 was granted a final opportunity of two weeks to file a counter in the matter, failing which the right to file a counter would be forfeited. Respondent No.3 was set ex-parte for non-appearance despite service of notice. This follows a previous order dated 28.05.2024, where Respondents No.4, 5, 6, and 7 were already set ex-parte. The matter has been adjourned to the next hearing date of 03.08.2026.
Topics: Insolvency Proceeding, NCLT Hearing, Corporate Debtor