Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 23 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two interconnected company appeals filed by State Bank of India for hearing on 2nd September 2026.
The first appeal (Company Appeal (AT) (CH) (Ins) No. 280/2023) involves State Bank of India as the appellant against three respondents: PTC India Financial Services Ltd. (Respondent 1) and two other parties (Respondents 2 & 3). The second appeal (Company Appeal (AT) (CH) (Ins) No. 285/2023) involves State Bank of India as appellant against Indo Unique Flame Ltd. (Respondent 1) and another respondent.
All parties were represented by legal counsel during the proceedings. For the first appeal, Mr. Pranava Charan appeared for SBI, Ms. Varsha Banerjee for Respondent 1 (PTC India Financial Services Ltd), Mr. Jose John for Respondent 2, and Mr. Amir Bavani for Respondent 3. For the second appeal, Mr. Pranava Charan appeared for SBI, Mr. Amir Bavani for Respondent 1 (Indo Unique Flame Ltd), and Mr. Jose John for Respondent 2.
The bench comprised Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The NCLAT has adjourned both appeals and listed them for hearing on 2nd September 2026 under the caption 'For Hearing'. No substantive decisions or rulings were made in this order, which serves purely as a procedural adjournment.
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