Authority: National Company Law Appellate Tribunal, Chennai
Order Date: June 9, 2026
Case Overview
The matter concerns an intervention application (IA No.1588/2025) filed by State Bank of India in Company Appeal (AT) (CH) (Ins) No.561/2025. The appellant bank seeks to implead Mr. C. Sivasankaran as the legal heir and representative of the deceased respondent, Mr. RCK Vallal, who was a guarantor and passed away during the corporate insolvency resolution process (PIRP).
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical) granted two weeks' time to the proposed legal heir, Mr. C. Sivasankaran, to file objections to the impleadment application through his counsel, Ms. N. Madhusruthi. The matter has been listed for further orders on July 7, 2026.
Topics: Insolvency Proceedings, Guarantor Liability, Legal Heir Representation