Authority: National Company Law Appellate Tribunal, Chennai
Order Date: July 17, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai is hearing five interconnected company appeals (AT)(CH)(Ins) Nos. 166/2024, 177/2024, 199/2024, 252/2024, 103/2025, and 104/2025) related to Atlantic Spinning and Weaving Mills Ltd., which is under liquidation represented by its Liquidator, Ms. Sujata Chattopadhyay. The appeals involve various parties including Rhythm Jain (through her Special Power of Attorney Holder Mr. Lallan Singh), Somil K. Ne. Gandhi (Proprietor of M/s Sir Cloth Manufacturer Co), and Sansar Investment & Finance Company Pvt. Ltd. The matters appear to involve challenges to orders related to the corporate insolvency resolution process of Atlantic Spinning and Weaving Mills Ltd.
Final Outcome
Due to paucity of time, the matters could not be taken up for hearing on July 17, 2026. The NCLAT bench comprising Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical) adjourned all connected appeals and listed them for hearing on August 10, 2026. No substantive orders were passed on the merits of the cases.
Topics: Insolvency Proceedings, NCLAT Adjournment, Corporate Liquidation