Authority: National Company Law Appellate Tribunal, Chennai (Justice N. Seshasayee, Member (Judicial) and Jatindranath Swain, Member (Technical))
Order Date: 21 September 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has reserved judgment in TA (AT) No. 166/2021, which arises from Company Appeal (AT) (Ins) No. 122/2020. The appeal was filed by Mr. G.A. Abhimanyu Raja, the suspended Managing Director of Vijai Spinners (RJPM) Pvt Ltd, against Syndicate Bank (Respondent 1) and another respondent. The matter relates to insolvency proceedings, though the specific allegations or disputes are not detailed in this procedural update. The hearing was conducted in hybrid mode with legal representation from both sides: Mr. D R Raghunath and Mr. Manoj Menon for the appellant, and Mr. T. Ravichandran for Respondent 1 (Syndicate Bank), with Ms. Elamathi M.S. representing Respondent 2.
Final Outcome
The bench heard arguments from both sides and reserved judgment. No final ruling has been issued at this time. The practical consequence is that the parties must await the tribunal's decision, which will be pronounced in a subsequent order.
Topics: NCLAT, Insolvency Appeal, Corporate Litigation