Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)
Order Date: 08.10.2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has adjourned six interconnected company appeals related to Atlantic Spinning and Weaving Mills Ltd., which is currently under liquidation. The appeals involve multiple parties including:
- Rhythm Jain (through Special Power of Attorney Holder Mr. Lallan Singh) as appellant
- Atlantic Spinning and Weaving Mills Ltd. represented by its Liquidator, Ms. Sujata Chattopadhyay as respondent
- Somil K. Ne. Gandhi (Proprietor of M/s Sir Cloth Manufacturer Co) and three others as respondents
- Sansar Investment & Finance Company Pvt. Ltd. as appellant
All appeals are being heard together and involve challenges or matters related to the liquidation proceedings of Atlantic Spinning and Weaving Mills Ltd. The legal representation is consistent across cases, with Mr. Ankur Goel and Mr. Saket Singh representing most appellants, and Mr. Chethan Sagar representing the liquidator and company.
The order does not contain any substantive discussion of the merits of the cases, allegations, legal questions, or regulatory concerns. It is purely a procedural order for adjournment.
Final Outcome
The NCLAT bench comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical) has adjourned all interconnected appeals to November 16, 2026. No substantive rulings, penalties, settlements, or directions were issued in this order. The matter remains pending for future hearing.
Topics: Insolvency Proceedings, NCLAT Adjournment, Liquidation Matters