Authority: National Company Law Appellate Tribunal, Chennai
Order Date: 22 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued an adjournment order in two connected interlocutory applications (IAs) arising from company appeals under the Insolvency and Bankruptcy Code.
- IA No.22/2026 in Company Appeal (AT) (CH) (Ins) No. 08/2026 involves Abhimanyu Raja, the Suspended Director of M/s. Vijai Spinners (RJPM) Pvt. Ltd., as the Appellant, versus Canara Bank & Another as the Respondents.
- IA No.23/2026 in Company Appeal (AT) (CH) (Ins) No. 09/2026 involves A Arumugam, the Liquidator of M/s. Vijai Spinners (RJPM) Pvt. Ltd., as the Respondent.
- The legal representatives were Mr. DR Raghunath, Advocate for the Appellant; Mr. T. Ravichandran, Advocate for Respondent 1 (Canara Bank); and Ms. MS Elamathi, Advocate for Respondent 2.
The order is a procedural update that does not delve into the substantive allegations or background of the insolvency dispute.
Final Outcome
The two-member bench comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical) adjourned the hearing for both appeals. The matters have been listed for the next hearing on 17 July 2026.
Topics: Insolvency Proceeding, NCLAT, Adjournment