Authority: National Company Law Appellate Tribunal, Chennai (Bench comprising Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 27 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has adjourned three connected insolvency appeals filed by members of the Kunam family against State Bank of India and two other respondents. The appeals are numbered Company Appeal (AT) (CH) (Ins) No. 499/2025 (filed by Kunam Rajini), Company Appeal (AT) (CH) (Ins) No. 500/2025 (filed by Kunam Raghava Reddy), and Company Appeal (AT) (CH) (Ins) No. 515/2025 (filed by Kunam Eshwaramma). All three appellants are appealing against the same respondents: State Bank of India (listed as Respondent 1) and two other unnamed parties. The matters were heard in hybrid mode with legal representation present for both sides - Ms. Asmi Devrani and Mr. Devansh Jain represented the appellants, while Ms. Susmitha Shri represented State Bank of India (Respondent 1).
Final Outcome
The tribunal ordered that all three appeals be listed for next hearing on 18 November 2026. No substantive decisions were made in this order, which served purely to adjourn the proceedings to the future date.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Proceedings