Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 19 August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard two connected insolvency appeals involving State Bank of India as the respondent. The appeals were filed by two individual appellants: Manchala Nagesh Kumar (Company Appeal (AT) (CH) (Ins) No.153/2026 with IA No. 468/2026) and Manchala Chandraiah (Company Appeal (AT) (CH) (Ins) No.154/2026 with IA No. 470/2026). Both appellants are appealing against State Bank of India and another respondent. The matters were heard in hybrid mode with legal representation from both sides: Mr. G. Srinivas, Advocate represented the appellants, while Mr. Yash Vardhan, Advocate represented respondent No. 1 (State Bank of India). The bench consisted of Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The appellate tribunal bench ordered both appeals to be listed next on 02 November 2026 under the caption 'Admission – Notice Ordered'. This indicates the tribunal will consider the admission of the appeals and potentially issue notices to respondents at the next hearing date, representing a procedural step in the ongoing insolvency litigation process.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Proceedings