Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 29 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No. 242/2025, filed by the State Bank of India and two other appellants. The appellants are appealing against S. Palaniappan, the Erstwhile Liquidator of Nathella Sampath Jewelry Pvt. Ltd. The appeal arises from the insolvency and liquidation proceedings of Nathella Sampath Jewelry Pvt. Ltd. The specific nature of the dispute or the grounds for the appeal are not detailed in this procedural order. The tribunal noted the representation for both parties: Mr. Edward James and Ms. Mansi Sethiya, Advocates for the Appellants, and Mr. Pranav V Shankar, Advocate for the Respondent.
Final Outcome
The tribunal did not make a ruling on the merits of the case. It adjourned the hearing and listed the appeal for admission (after notice) on 30 July 2026. Crucially, the tribunal ordered that the interim order previously passed in this matter shall continue to be in effect until the next date of hearing. This continuation of the interim order is the primary substantive outcome of this hearing, preserving the status quo as determined by the earlier order.
Topics: Insolvency Appeal, Interim Relief