Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai
Order Date: 07.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai issued a procedural order in two connected insolvency appeals. The appeals are Company Appeal (AT) (CH) (Ins) No. 262/2026 and Company Appeal (AT) (CH) (Ins) No. 263/2026. The appellants are Mr. Debashis Bose (in Appeal No. 262) and Ms. Pragya Jhunjhunwala (in Appeal No. 263). The respondents in both appeals are State Bank of India (Financial Creditor) and Ms. MS Mano Ranjani (Resolution Professional). The learned Solicitor General of India, Mr. Tushar Mehta, along with Senior Advocate Mr. PH Arvindh Pandian and other advocates, represented the financial creditor (State Bank of India). The appellants were represented by their respective legal counsel. The tribunal heard arguments from the Solicitor General partly.
Final Outcome
The NCLAT scheduled the matter for further hearings to conclude the arguments of the financial creditor. The case is listed on 28.10.2026 at 2 PM for the conclusion of arguments and on 29.10.2026 at 2 PM for the conclusion of the financial creditor's argument. The order was passed in hybrid mode by the bench comprising Justice N. Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Topics: Insolvency Appeal, Banking Dispute, NCLAT Proceeding