Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: October 5, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two separate company appeals related to insolvency matters. The first appeal, Company Appeal (AT) (CH) (Ins) No. 165/2026, was filed by appellant Srinivas Raju Gottumukkal against respondents State Bank of India & 2 Others. This appeal was accompanied by Interlocutory Applications numbered IA Nos. 484, 485, and 486 of 2026, with an additional IA No. 1522/2026 also filed in this matter. The second appeal, Company Appeal (AT) (CH) (Ins) No. 166/2026, was filed by appellant YS Chowdhary against the same respondents, State Bank of India & 2 Others. This appeal was accompanied by Interlocutory Applications numbered IA Nos. 488, 489, and 490 of 2026, with an additional IA No. 1524/2026 also filed. Both matters were presented before a bench comprising Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The NCLAT bench adjourned both appeals and scheduled them for the next hearing on October 7, 2026. The order was issued in hybrid mode, indicating the proceedings accommodated both physical and virtual participation.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Proceedings