Authority: National Company Law Appellate Tribunal (NCLAT) at Chennai, comprising Justice Sharad Kumar Sharma (Member - Judicial) and Jatindranath Swain (Member - Technical)
Order Date: 15 June 2026
Case Overview
This is a procedural order from the National Company Law Appellate Tribunal (NCLAT) at Chennai concerning two interconnected appeals related to the insolvency proceedings of M/s. Vijai Spinners (RJPM) Pvt. Ltd.
The first appeal, registered as Company Appeal (AT) (CH) (Ins) No. 08/2026, has been filed by Mr. Abhimanyu Raja, the Suspended Director of Vijai Spinners, against Canara Bank (Respondent 1) and another respondent (Respondent 2). The second appeal, registered as Company Appeal (AT) (CH) (Ins) No. 09/2026, has been filed by Mr. Abhimanyu Raja and another appellant against Mr. A Arumugam, the Liquidator of Vijai Spinners.
The order itself does not detail the specific allegations or disputes in the appeals. It is a scheduling directive issued after a hearing where advocates for all parties were present. For Appeal No. 08/2026, Mr. DR Raghunath represented the appellant, while Ms. K. Varshini appeared for Respondent 1 (Canara Bank) and Ms. MS Elamathi appeared for Respondent 2. For Appeal No. 09/2026, Mr. DR Raghunath represented the appellants, and Ms. MS Elamathi appeared for the respondent liquidator.
Final Outcome
The Tribunal has directed that both appeals be listed next on 22 June 2026 under the caption 'For Orders'. This indicates that the next hearing is anticipated to be for the pronouncement of a final order or a significant interim order in the matter. The order is procedural and does not contain any rulings on the merits of the cases, penalties, or other substantive directions.
Topics: Insolvency Appeal, NCLAT Proceeding