Rheem Matrix vs S12 Microsystems NCLAT Hearing Adjourned

Authority: National Company Law Appellate Tribunal, Chennai (Appellate Jurisdiction)

Order Date: June 12, 2026

Case Overview

The National Company Law Appellate Tribunal (NCLAT) at Chennai heard Company Appeal (AT) (CH) (Ins) No.311/2021 between Rheem Matrix Pvt. Ltd. (Appellant) and S12 Microsystems Pvt. Ltd. (Respondent). The matter represents an insolvency appeal under the appellate jurisdiction of the tribunal. The hearing was conducted in hybrid mode with legal representation from both parties: Mr. Arghay Ajay Gautam (advocate for the appellant, also representing Mr. Ashutosh Kumar Mishra) and Mr. S. Vivekananda (advocate for the respondent).

Final Outcome

The tribunal granted the appellant's counsel one week to file a fresh Vakalatnama on record. The appeal was adjourned and listed for orders on July 16, 2026. The order was issued by a bench comprising Justice Yogesh Khanna (Member - Judicial) and Jatindranath Swain (Member - Technical).

This content may not be financially relevant as it represents a procedural adjournment without substantive ruling on the insolvency matter.

Topics: NCLAT Proceedings, Insolvency Appeal, Legal Adjournment