Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: July 1, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued an interim order in an ongoing appeal. The appeal, registered as Company Appeal (AT) (CH) (Ins) No. 462/2025, involves State Bank of India as the appellant and IDBI Bank along with three other parties as respondents. The case is being heard by a bench comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical). The hearing was conducted in hybrid mode. Legal representation includes Mr. Satish Parasaran, Senior Advocate with Mr. K. Chandrasekaran for the appellant (SBI), and Mr. P.H. Arvindh Pandian, Senior Advocate with Mr. Varun Srinivasan for respondent 1 (IDBI Bank), and Mr. B. Dhanraj with Mr. Mohammed Umar for respondent 2.
Final Outcome
The tribunal has extended the interim order originally issued on December 11, 2025, which will continue to remain in effect until the next date of hearing scheduled for August 11, 2026. The appeal has been listed for further proceedings on that date.
Topics: Banking Litigation, NCLAT Proceedings, Interim Relief