This is Code SNK vs Capcom SVC Chaos

Code SNK vs Capcom SVC Chaos Screenshot
Code SNK vs Capcom SVC Chaos Screenshot
Code SNK vs Capcom SVC Chaos Screenshot
Update
Mar 27, 2023
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SNK vs. Capcom: SVC Chaos is a 2003 fighting game produced by Playmore (now SNK) for the Neo Geo arcade and home platform.

SNK vs. Capcom: SVC Chaos uses a different type of Power Gauge known as the Groove Power Gauge System, which has three levels. The Groove gauge fills as the player lands attacks against the opponents or guard attacks. When the gauge fills to Lv. 1 or Lv. 2, the player can perform Super Special Moves, a Guard Cancel Attack or a Guard Cancel Front Step maneuver.