Authority: National Company Law Appellate Tribunal, Chennai (Justice N Seshasayee - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 22 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected insolvency appeals involving State Bank of India as the primary respondent. The first appeal (Company Appeal (AT) (CH) (Ins) No. 165/2026) was filed by Srinivas Raju Gottumukkal against State Bank of India and two other respondents. The second appeal (Company Appeal (AT) (CH) (Ins) No. 166/2026) was filed by YS Chowdhary against the same respondents. During the hearing, there was no appearance by the appellant in the first case, while in the second case, Mr. Prajeeth Premkumar, Advocate represented the appellant. Ms. M S Vismaya, Advocate represented Respondent No. 1 (State Bank of India) in both appeals. The tribunal was hearing these appeals along with three interlocutory applications in each case (IA Nos. 484, 485 & 486/2026 for the first appeal and IA Nos. 488, 489 & 490/2026 for the second appeal).
Final Outcome
The NCLAT bench adjourned both appeals and listed them for next hearing on 21 December 2026. No substantive hearing or decision on merits occurred during this proceeding.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Proceedings