Case Details
Case Name: Sri Kalvakuntla Sudhir Rao vs State Bank of India & Anr. AND Sri Kalvakuntla Suhan Rao vs State Bank of India & Anr.
Court/Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Case Numbers: Company Appeal (AT) (CH) (Ins) No.653/2025 (with IA Nos.1816 & 1817/2025 & 495/2026) AND Company Appeal (AT) (CH) (Ins) No.654/2025 (with IA Nos.1818 & 1819/2025 & 496/2026)
Date of Order: 05 June 2026
Parties Involved
Appellants:
- Sri Kalvakuntla Sudhir Rao (Company Appeal No.653/2025)
- Sri Kalvakuntla Suhan Rao (Company Appeal No.654/2025)
Respondents:
- State Bank of India (R1)
- Another Respondent (Anr.) - Not specifically named
Legal Representation:
- For Appellant: Mr. Abdul Wafiq, Advocate
- For Respondents: Ms. Sushmitha, Advocate for R1 (State Bank of India)
Tribunal Members:
- Justice Yogesh Khanna, Member (Judicial)
- Jatindranath Swain, Member (Technical)
Procedural Directions
The NCLAT Chennai has issued the following procedural directions:
- Respondents are directed to file their counter within one week from 05 June 2026
- Rejoinder, if any, to be filed within three weeks after the counter filing
- Both appeals are listed for hearing on 25 June 2026
Current Status
This is a procedural order dealing with the scheduling of filings and next hearing date. The substantive issues, allegations, findings, penalties, or final ruling in the insolvency appeals are not addressed in this particular order. The matter remains pending before the NCLAT Chennai with the next hearing scheduled for 25 June 2026.