Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 15 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing a batch of nine interconnected insolvency appeals filed by multiple members of the Bhatia family against State Bank of India and another respondent. The appellants include Amandeep Singh Bhatia, Ishpal Kaur Bhatia, Gurvinder Singh Bhatia, Gurvinder Kaur Bhatia, Veena Bhatia, Manjeet Singh Bhatia, Survinder Singh Bhatia, and Inderjeet Singh Bhatia. The respondents are The Assistant General Manager, State Bank of India (R1) and another unnamed respondent (R2). The tribunal had previously granted an interim order in favor of the appellants.
During the hearing on 15 September 2026, neither the appellants nor the respondents were prepared to submit their notes of submission despite the tribunal's insistence. The bench observed that neither party showed urgency in either having the interim order vacated (respondents) or seeking final disposal of the cases (appellants). Advocate Mr. Avinash Krishnan Ravi formally entered appearance for the second respondent in eight of the nine appeals.
Final Outcome
The tribunal adjourned the matters to 22 September 2026, immediately after admission. The bench warned that if the appellants fail to submit their notes of submission, the court would be constrained to modify the interim order previously granted. The second respondent was directed to file a status report. The proceedings continue to be at a preliminary stage due to the non-cooperation of both parties in advancing the case.
Topics: Insolvency Appeals, Banking Dispute, Legal Procedure