Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 29 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed three interconnected company appeals for hearing on December 11, 2026. The appeals involve:
1. Company Appeal (AT) (CH) (Ins) No. 41/2026: IDBI Bank Ltd (Appellant) vs. Thyagarajan Arunkumar, Erstwhile Managing Director of Aegan Industries Pvt Ltd & 7 Others (Respondents)
2. Company Appeal (AT) (CH) (Ins) No. 01/2026 (IA No. 01/2026): State Bank of India (Appellant) vs. Thyagarajan Arunkumar, Erstwhile Managing Director of Aegan Batteries Pvt Ltd & 9 Others (Respondents)
3. Company Appeal (AT) (CH) (Ins) No. 02/2026 (IA No. 03/2026): State Bank of India (Appellant) vs. Thyagarajan Arunkumar, Erstwhile Managing Director of Aegan Batteries Pvt Ltd & 7 Others (Respondents)
Legal representation was noted as follows:
- For IDBI Bank Ltd: Mr. T. Ravichandran, Advocate
- For State Bank of India: Mr. K. Chandrasekaran, Advocate
- For Respondents: Mr. Shivaji H Mane & Ms. Divyashree R, Advocates (representing various respondents across the appeals)
The bench comprised Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical). The order was passed in hybrid mode.
Final Outcome
The tribunal has scheduled these three interconnected appeals for hearing on December 11, 2026. This is a procedural order for listing the cases with no substantive hearing or decision on the merits of the appeals.
Topics: NCLAT Proceedings, Banking Litigation, Corporate Insolvency