Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: November 6, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected insolvency appeals:
- Company Appeal (AT) (CH) (Ins) No.269/2024
- Company Appeal (AT) (CH) (Ins) No.302/2024
Both appeals were filed by State Bank of India (Appellant) against Mr. B. Nikhil Parikh, Suspended Director of Parikh Fabrics Pvt. Ltd., and another respondent. The appeals fall under the appellate jurisdiction of NCLAT concerning insolvency matters. During the hearing held in hybrid mode on November 6, 2026, Ms. J. Christy Matharasi appeared as advocate for the appellant (State Bank of India). No appearance was recorded for the respondents.
Final Outcome
The bench comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical) adjourned both appeals and listed them for next hearing on January 12, 2027. No substantive orders were passed beyond the adjournment.
Topics: Insolvency Proceedings, Banking Litigation, NCLAT Adjournment