Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order Date: July 16, 2026
Case Overview
This is a procedural order in an ongoing appeal filed by Summit Marine Exports Pvt Ltd and another appellant against the State Bank of India and another respondent. The appeal, registered as Company Appeal (AT) (CH) (Ins) No.503/2025, pertains to an insolvency matter. The appellants were represented by Advocate Mr. Y. Suryanarayana, while the first respondent (State Bank of India) was represented by Advocate Mr. Pranava Charan.
The learned counsel for the appellant informed the tribunal that they had received the counter affidavit filed by the respondents and sought permission to file a rejoinder affidavit in response.
Final Outcome
The tribunal granted the appellant's prayer, allowing them a period of two weeks from the order date (July 16, 2026) to file the rejoinder affidavit. The company appeal was listed for further hearing in the second week of September 2026, with a specific hearing date set for September 17, 2026. The order is purely procedural and does not adjudicate on the merits of the case.
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