Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 28 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected insolvency appeals filed against State Bank of India (SBI). Company Appeal (AT) (Ins) No. 595 of 2024 was filed by Madhusudan Agrawal as appellant against State Bank of India & Another as respondents. Company Appeal (AT) (Ins) No. 525 of 2024 was filed by Harish Agrawal as appellant against the same respondents, State Bank of India & Another. Both appellants were represented by advocates Mr. Jaiveer Kant and Mr. Mehar Thapar. The bench comprised Justice Yogesh Khanna (Officiating Chairperson), Mr. Barun Mitra (Member - Technical), and Mr. Ajai Das Mehrotra (Member - Technical).
Final Outcome
The tribunal adjourned both appeals to December 15, 2026, citing lack of available time for hearing on the current date. The NCLAT specifically ordered that the existing interim order in both cases shall continue to remain in effect until the next hearing date.
Topics: Insolvency Proceedings, Banking Litigation, Judicial Adjournment