Case Details

Case Name: State Bank of India and Ors. vs. Manoj Kumar Das & Ors. along with connected appeals

Court/Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi

Case Numbers: Comp. App. (AT) (Ins) No. 419 of 2026, Comp. App. (AT) (Ins) No. 420 of 2026, Comp. App. (AT) (Ins) No. 440 of 2026, Comp. App. (AT) (Ins) No. 551 of 2026

Hearing Date: May 22, 2026

Next Hearing Date: May 25, 2026 at 02:00 P.M.

Parties Involved

Appellants: State Bank of India and Ors. (in CA 419/420/551 of 2026); Sanjeev Chaddha & Ors. (in CA 440 of 2026)

Respondents: Manoj Kumar Das & Ors.; State Bank of India & Ors. (in respective appeals)

Legal Representation:

  • For State Bank of India: Mr. Abhijeet Sinha, Sr. Advocate with Mr. Dhananjay Kumar, Mr. Madhav Kanoria, Ms. Srideepa Bhattacharya, Ms. Isha Malik, Mr. Mehul Kumar, Ms. Hina Peehu, Mr. Anchit Jasuja and Ms. Mitali Jain
  • For Workmen: Mr. Pawanshree Agrawal and Ms. Kriti Jain, Advocates
  • For Liquidators: Mr. Raghav Chadha, Mr. Dhiraj Kumar Totala, Mr. Nishant Upadhyay, Ms. Vasudha Jain and Mr. Mayank Jain, Advocates
  • For other parties: Mr. Abhishek Jebaraj and Adv. A. Reyna Shruti, Advocates

Proceedings

This order documents a hearing that took place on May 22, 2026, in hybrid mode before the NCLAT Principal Bench consisting of Justice Ashok Bhushan (Chairperson) and Barun Mitra (Member Technical).

The tribunal heard arguments from counsel representing respondents in CA(AT)(Ins.)No. 419 & 420 of 2026, counsel for workmen, and appellant in CA(AT)(Ins.)No. 440 of 2026. Counsel for the liquidators was also heard.

The arguments were not completed, and the matter was adjourned for continuation of arguments in CA(AT)(Ins.)No. 551 of 2026 on May 25, 2026 at 02:00 P.M. The court also directed that rejoinder submissions be heard on the same date in all the appeals.

Current Status

The matter remains pending with no final determination. The appeals are interconnected and involve State Bank of India as both appellant and respondent in different appeals, along with workmen and liquidators as interested parties.