Authority: National Company Law Appellate Tribunal, Chennai (Justice Yogesh Khanna - Member (Judicial) and Jatindranath Swain - Member (Technical))
Order Date: 12 June 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has listed six interconnected company appeals for hearing on June 30, 2026. The appeals all relate to Atlantic Spinning and Weaving Mills Ltd, which is undergoing liquidation represented by its Liquidator, Ms. Sujata Chattopadhyay.
The appeals involve multiple parties including:
- Company Appeal (AT) (CH) (Ins) No. 166/2024: Rhythm Jain (through Special Power of Attorney Holder Mr. Lallan Singh) vs. Atlantic Spinning and Weaving Mills Ltd.
- Company Appeal (AT) (CH) (Ins) No. 177/2024: Atlantic Spinning and Weaving Mills Ltd vs. unknown appellant (details not fully specified)
- Company Appeal (AT) (CH) (Ins) No. 199/2024: Atlantic Spinning and Weaving Mills Ltd vs. Somil K. Ne. Gandhi (Proprietor, M/s Sir Cloth Manufacturer Co) and 3 Others
- Company Appeal (AT) (CH) (Ins) No. 252/2024: Atlantic Spinning and Weaving Mills Ltd vs. Rhythm Jain and 2 Others
- Company Appeal (AT) (CH) (Ins) No. 103/2025: Sansar Investment & Finance Company Pvt. Ltd. vs. Atlantic Spinning and Weaving Mills Ltd and 2 Others
- Company Appeal (AT) (CH) (Ins) No. 104/2025: Rhythm Jain and Another vs. Atlantic Spinning and Weaving Mills Ltd and 2 Others
The legal representation shows Mr. Ankur Goel and Mr. Saket Singh, Advocates representing various appellants, while Mr. VV. Sivakumar, Advocate represents the liquidator of Atlantic Spinning and Weaving Mills Ltd in most cases.
Final Outcome
The NCLAT has adjourned all six appeals and listed them for hearing on June 30, 2026. This is a procedural order that does not decide the merits of any appeal but simply schedules them for future hearing.
Topics: Insolvency Proceedings, NCLAT Appeals, Corporate Liquidation