Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 18 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected Company Appeals filed under its Insolvency jurisdiction:
- Company Appeal (AT) (CH) (Ins) No. 256/2026 (with IA No. 719/2026): Filed by Appellant Anil Heeroji Lad against Respondents State Bank of India & Another
- Company Appeal (AT) (CH) (Ins) No. 257/2026 (with IA No. 720/2026): Filed by Appellant Aarti A Lad against Respondents State Bank of India & Another
The appeals represent ongoing insolvency proceedings between the individual appellants and the State Bank of India. The Tribunal heard representations from advocates for both parties during the hearing conducted in hybrid mode.
Final Outcome
The NCLAT bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) issued a procedural order listing both connected appeals for hearing on October 7, 2026. The Tribunal specifically ordered that any interim orders previously granted in these matters shall continue to remain in force until the next date of hearing. This order maintains the status quo in the insolvency proceedings until the substantive hearing in October 2026.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Proceedings