Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 14th September, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) Principal Bench heard three interconnected company appeals related to insolvency proceedings against State Bank of India. The appeals are numbered Company Appeal (AT) (Insolvency) No. 1141 of 2026, 1142 of 2026, and 1144 of 2026.
The appellants in these cases are:
- Saranga A. Aggarwal (through Power of Attorney Holder Gokul Anilkumar Aggarwal) in Appeal No. 1141/2026
- Anubhav A. Aggarwal (through Power of Attorney Holder Mr. Gokul Anilkumar Aggarwal) in Appeal No. 1142/2026
- Gokul Anilkumar Aggarwal directly in Appeal No. 1144/2026
The sole respondent in all three appeals is State Bank of India along with another unnamed respondent (Anr.).
Legal representation was noted for both sides:
- For the Appellants: Mr. J. Rajesh, Mr. G. Aniruth Purshottam, Mr. Karthik Irabath, Mr. Yashwardhan Aggarwal, Md. Arshlan Ahmed, and Mr. Ali Abbas Masoodi, Advocates
- For Respondent SBI: Mr. Harshit Khare, Mr. Prafful Saini, and Mr. Ayuj Agrawal, Advocates
The bench comprised Justice Yogesh Khanna (Officiating Chairperson) and Barun Mitra (Member Technical).
Final Outcome
The NCLAT bench listed all three interconnected appeals for next hearing on 8th October, 2026. The order was passed in hybrid mode, indicating proceedings were conducted through both physical and virtual means.
Topics: Insolvency Appeals, Banking Litigation, NCLAT Proceedings