Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: 10 August 2026
Case Overview
This order concerns six interconnected Company Appeals (AT)(CH)(Ins) Nos. 166/2024, 177/2024, 199/2024, 252/2024, 103/2025, and 104/2025. The appeals revolve around Atlantic Spinning and Weaving Mills Ltd., which is under liquidation represented by its Liquidator, Ms. Sujata Chattopadhyay. The other involved parties include Rhythm Jain (acting through her Special Power of Attorney Holder Mr. Lallan Singh), Sansar Investment & Finance Company Pvt. Ltd., and Somil K. Ne. Gandhi (Proprietor of M/s Sir Cloth Manufacturer Co). The advocates representing the parties are Mr. Ankur Goel and Mr. V.V. Sivakumar. The nature of the proceedings appears to be challenges or disputes related to the corporate insolvency resolution process or liquidation of the company.
Final Outcome
The two-member bench comprising Justice N. Seshasayee (Member-Judicial) and Jatindranath Swain (Member-Technical) did not issue any substantive ruling on the merits of the appeals. The sole directive was to adjourn the hearing and list the matter for the next date of 21 September 2026. The order was passed in hybrid mode.
Topics: Corporate Insolvency, Liquidation Proceedings, NCLAT Adjournment