Authority: National Company Law Appellate Tribunal, Chennai
Order Date: October 1, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two connected insolvency appeals for directions. The appeals involve Sri Kalvakuntla Sudhir Rao (Company Appeal No. 653/2025) and Sri Kalvakuntla Suhan Rao (Company Appeal No. 654/2025) as appellants against State Bank of India & Another as respondents. The appeals were heard together with their respective interlocutory applications (IA Nos. 1816, 1817/2025 and IA Nos. 1818, 1819/2025). The matter was heard in hybrid mode with representation from advocates for both parties.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) directed that these appeals be listed on October 26, 2026, under the caption 'For Direction'. This represents a procedural step in the ongoing appellate process rather than a final determination of the merits of the case.
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceedings