Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 12th August 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in two connected appeals: Company Appeal (AT) (CH) (Ins) No. 340/2024 and Company Appeal (AT) (CH) (Ins) No. 341/2024. The appellants are T. Jayamohan and T. Jayananth respectively, both appealing against the State Bank of India, specifically its Stressed Assets Management Branch. The nature of the underlying proceedings and the specific grounds of appeal are not detailed in this particular order, which appears to be focused on scheduling. The matters were heard in hybrid mode with legal representation present for both parties: Mr. Syed Afridi (advocate) for the appellants and Ms. Vaiduriya (advocate) for the respondent bank.
Final Outcome
The bench has adjourned the hearing. The matters are now listed for the next hearing on 15th October 2026 under the caption 'For Hearing'. No substantive decisions on the merits of the appeals were made in this order.
Topics: NCLAT Proceedings, Bank Recovery