Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 07 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two connected insolvency appeals for hearing on 09 December 2026. The appeals, Company Appeal (AT) (CH) (Ins) No. 256/2026 and Company Appeal (AT) (CH) (Ins) No. 257/2026, were filed by appellants Anil Heeroji Lad and Aarti A Lad respectively against respondents State Bank of India (R1) and another unnamed respondent (R2). The nature of the dispute appears to relate to insolvency proceedings, with the appellants challenging an order or decision that previously went in favor of the State Bank of India. The order was passed in hybrid mode with advocates representing all parties present.
Final Outcome
The Tribunal did not issue a final ruling on the merits of the case. Instead, it scheduled the matter for a full hearing on 09 December 2026. Crucially, the Bench ordered that any interim order that had been previously passed in these appeals shall remain in effect until the next date of hearing, thereby maintaining the status quo and providing temporary relief or protection to the appellants until the matter is heard.
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceeding