Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 23 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Chennai heard two connected insolvency appeals (Company Appeal (AT) (CH) (Ins) No. 262/2026 and 263/2026) filed against State Bank of India (SBI) and another respondent. The appellants are Mr. Debashis Bose and Ms. Pragya Jhunjhunwala, who are challenging decisions related to insolvency proceedings where SBI is involved as a respondent. The nature of the underlying dispute or the corporate debtor involved is not detailed in this procedural order.
The legal representation is notable, with the appellants represented by Mr. Vijay Narayan, Advocate General, along with a team of advocates including Ms. Deepika Murali and Mr. Ankur Chawla. The respondents, State Bank of India, are represented by Mr. Tushar Mehta, the Solicitor General of India, along with a team of advocates including Ms. Surabhi Khattar and Mr. Shivansh Vishwakarma. The Resolution Professional (RP) for the second respondent is represented by Ms. MS Mano Ranjani.
The tribunal, comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical), heard the arguments presented by the appellants' counsel and concluded that phase of the hearing.
Final Outcome
The NCLAT adjourned the proceedings. The appeals are listed next on 29 September 2026 at 12:30 PM. The arguments for the respondents (State Bank of India and another) are scheduled to commence at 02:00 PM on 07 October 2026. This order is purely procedural and does not contain any substantive decision on the merits of the appeals.
This content may not be financially relevant as it pertains only to the scheduling of a legal proceeding without any substantive outcome, financial penalty, or material decision affecting the company's operations or financials.