Authority: National Company Law Appellate Tribunal Chennai Bench
Order Date: 30 July 2026
Case Overview
The order addresses two connected appeals (Company Appeal (AT)(INS)(CH) No.262/2026 and Company Appeal (AT)(INS)(CH) No.263/2026) along with their respective interim applications. The appellants are Debashish Bose and Pragya Jhunjhunwala, while the respondent is State Bank of India along with another party. The matter reached the Officiating Chairperson due to a split decision in the orders dated 27 May 2026 concerning Interim Applications No.738/2026 and IA No.743/2026. The split decision was noted in an office note dated 23 June 2026, and the matter was marked to Justice Yogesh Khanna on 29 June 2026 for resolution.
Final Outcome
Justice Yogesh Khanna, Officiating Chairperson, pronounced a separate order on 30 July 2026. The file has been directed to be sent back to the concerned bench for final disposal according to law, indicating that the Chairperson's order resolves the deadlock created by the split decision.
Topics: Insolvency Litigation, Banking Dispute