# In the matter of Ajay Agarwal vs. State Bank of India and Anr.

> NCLAT judgment dated 2025-06-30. Citation: TCN-2025-NCLAT-00346. The case involves four Company Appeals emanating from different Company Petitions instituted…

- **Court:** NCLAT
- **Order date:** 30 Jun 2025
- **Citation:** TCN-2025-NCLAT-00346
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclat-chennai/ajay-agarwal-vs-state-bank-of-india-and-anr-6d0fdb78

## Summary

### Background

The case involves four Company Appeals emanating from different Company Petitions instituted before the NCLT, Division Bench-I, Chennai. The appeals are accompanied by applications to condone delays in filing and re-filing.

## Facts

The Appellants sought condonation of delay in filing and re-filing the appeals.

The impugned order was rendered on 30.01.2025 and uploaded on the NCLT website on 31.01.2025.

The appeals were e-filed on 15.03.2025.

The Appellants challenged the Impugned Orders of 30.01.2025.

The Impugned Orders directed the Resolution Professional to examine the application as set out in Section 97(6) of IBC, 2016.

The Honourable Apex Court has held that since upto to the stage of Section 99, there happens to be no judicial adjudication or determination any of right of any of parties to the proceeds.

## Issues and analysis

### Issue 1: Whether the Impugned Orders are …

**Ratio:** No Appeal would be

…

**Reasoning:** The Impugned Order only gives directions to resort to the process at the stage under

…

**Interpretation:** The Tribunal interpreted that the directions issued under Section 97 do not

…

**Application:** The Tribunal applied the principle that no interference is required to be made

…

## Parties

- **Judges:** Sharad Kumar…; Jatindranat…
- **Appellants:** Ajay Ag…; Ashok Ag…; +2 more
- **Respondents:** State Bank of…; T.R.Ravich…
- **Advocates:** P.S. R…; Rajesh…

## Timeline

- **2025-01-30 — Impugned…**: The impugned order was…
- **2025-01-31 — Order Upl…**: The impugned order was…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 97(6) — Appointment of resolution professional](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-97)

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