Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 19 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected insolvency appeals filed by Manchala Nagesh Kumar and Manchala Chandraiah against State Bank of India (R1) and another respondent. The appeals were registered as Company Appeal (AT) (CH) (Ins) No. 153/2026 (with IA No. 468/2026) and Company Appeal (AT) (CH) (Ins) No. 154/2026 (with IA No. 470/2026). Both appeals were presented together for hearing. Advocate Mr. G. Srinivas represented the appellants in both cases, while Advocate Mr. Yash Vardhan represented State Bank of India (Respondent 1). The bench comprised Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The tribunal adjourned both appeals and listed them for next hearing on 02 November 2026 under the caption 'Admission – Notice Ordered'. This indicates the tribunal will consider the admission of the appeals and formal notice will be issued to respondents for the next hearing date.
Topics: NCLAT Proceedings, Insolvency Appeal, Banking Dispute