Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 26 October 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two connected insolvency appeals. The appellants are individuals, Mr. L. Madhusudhan Rao (Company Appeal (AT) CH) (Ins) No.202/2024) and Mrs. L. Ramalakshmamma (Company Appeal (AT) (CH) (Ins) No.203/2024). Both appeals are filed against the same respondent, the State Bank of India (SBI), specifically its Stressed Assets Management Branch. The nature of the proceedings involves challenges to actions taken by SBI under the Insolvency and Bankruptcy Code, 2016. The order is a listing directive and does not delve into the merits of the disputes at this stage.
Final Outcome
The Tribunal has adjourned the hearing of both appeals to 08 December 2026 at 12:00 PM. The order also states that any interim relief previously granted in these matters will continue to remain in effect until the next date of listing. This is a procedural order that postpones the substantive hearing of the appeals.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Procedure