Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 11 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two connected insolvency appeals. The appeals involve:
- Company Appeal (AT) (CH) (Ins) No.165/2026 filed by Srinivas Raju Gottumukkal as appellant against State Bank of India and two other respondents
- Company Appeal (AT) (CH) (Ins) No.166/2026 filed by YS Chowdhary as appellant against State Bank of India and two other respondents
The matters were heard in hybrid mode with representation from both sides. Mr. Chiron Singhi, Advocate appeared for the appellants, while Ms. Aishwarya Nandiwada, Advocate (appearing for Mr. V V S N Raju, Advocate) and Mr. M. Madhusudhana Reddy (Respondent 3/Resolution Professional) represented the respondents.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical) adjourned both appeals to 11 August 2026. The matters will be listed under the caption 'For Admission (After Notice)', indicating that the next hearing will consider the admission of the appeals following proper notice to all parties.
Topics: Insolvency Proceedings, Banking Litigation, NCLAT