Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: July 31, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No.181/2026, with connected Interlocutory Application No.534/2026. The appeal was filed by Suryastone Ventures Private Limited (formerly known as Suryachakra Industries Private Limited) as the Appellant against State Bank of India and five other respondents. The nature of the proceedings involves an insolvency-related matter, as indicated by the case number prefix "(Ins)". Notice had been served on all respondents, but none appeared for the hearing. The tribunal noted that if any respondent fails to appear by the next date of hearing, they will be set ex-parte.
Final Outcome
The tribunal ordered that the existing interim order, which is in favor of the appellant, shall continue until the next date of listing. The appeal was adjourned and listed for the next hearing on August 25, 2026.
Topics: Insolvency Appeal, Banking Dispute, Legal Proceedings