Authority: National Company Law Appellate Tribunal, Chennai Bench (Justice N. Seshasayee, Member (Judicial) and Jatindernath Swain, Member (Technical))
Order Date: 21 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two connected insolvency appeals for further hearing. Company Appeal (AT) CH) (Ins) No. 202/2024 was filed by Mr. L. Madhusudhan Rao, and Company Appeal (AT) (CH) (Ins) No. 203/2024 was filed by Mrs. L. Ramalakshmamma. Both appellants are appealing against orders from the State Bank of India, specifically its Stressed Assets Management Branch. The appeals were heard together. Advocates Mr. Rohit Kumar and Mr. Arjun Syal represented the appellants, while the respondent State Bank of India was represented by Ms. Susmithaa, Advocate for Mr. Pranava Charan, Advocate.
Final Outcome
The Tribunal ordered that both appeals be listed next on 26 October 2026. It further directed that any interim order(s) already granted in these matters shall continue to operate until this next date of listing. The substantive matters of the appeals remain pending adjudication.
Topics: Insolvency Appeal, Banking Litigation, NCLAT Proceedings