Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 21 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard part of the arguments in two connected insolvency appeals. Company Appeal (AT) (CH) (Ins) No. 262/2026 was filed by Mr. Debashis Bose against State Bank of India (Respondent 1) and another respondent. Company Appeal (AT) (CH) (Ins) No. 263/2026 was filed by Ms. Pragya Jhunjhunwala against the same respondents. The appeals include several Interlocutory Applications (IAs) numbered 737, 738, 740/2026 for the first appeal and 1145, 742, 743, 744/2026 for the second appeal.
The matter involves high-profile legal representation with Mr. Vijay Narayan, Advocate General, appearing for the appellant in the first appeal along with a team of advocates. For the respondents, Mr. Tushar Mehta, Solicitor General of India, and Mr. PH Arvindh Pandian, Senior Advocate, represented State Bank of India (R1), while Ms. MS Mano Ranjani appeared as the Resolution Professional for the second respondent.
Final Outcome
The bench heard the appellants' arguments in part for Company Appeal (AT) (CH) (Ins) No. 262/2026 and adjourned the matter for conclusion of hearing. Both appeals have been listed next on September 23, 2026 at 2:00 PM for further proceedings.
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceeding