SBI Appeals Against Parikh Fabrics Director NCLAT

Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))

Order Date: 06 November 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed two connected appeals filed by State Bank of India (Appellant) against Mr. B. Nikhil Parikh, suspended director of Parikh Fabrics Pvt. Ltd., and another respondent. The appeals were registered as Company Appeal (AT) (CH) (Ins) No.269/2024 and Company Appeal (AT) (CH) (Ins) No.302/2024. The order records that there was no appearance for the respondents during this listing. The nature of the dispute or the specific grounds of appeal are not detailed in this procedural order.

Final Outcome

The bench directed that both appeals be listed next on 12 January 2027 for further hearing. This is a procedural adjournment, and no substantive decisions on the merits of the case were made in this order.

Topics: Insolvency Appeal, Banking Litigation