Case Details
Case Name: Abhimanyu Raja Suspended Director M/s. Vijai Spinners (RJPM) Pvt. Ltd. vs Canara Bank & Anr. AND Abhimanyu Raja Suspended Director M/s. Vijai Spinners (RJPM) Pvt. Ltd. & Anr. vs A Arumugam, Liquidator of M/s. Vijai Spinners (RJPM) Pvt. Ltd.
Court/Authority: National Company Law Appellate Tribunal at Chennai (Appellate Jurisdiction)
Case Numbers: IA No.22/2026 IN Company Appeal (AT) (CH) (Ins.) No. 08/2026 AND IA No.23/2026 IN Company Appeal (AT) (CH) (Ins.) No. 09/2026
Order Date: June 5, 2026
Parties Involved
Appellant: Abhimanyu Raja, Suspended Director of M/s. Vijai Spinners (RJPM) Pvt. Ltd. (in both appeals)
Respondents:
- Canara Bank & Another (in first appeal)
- A Arumugam, Liquidator of M/s. Vijai Spinners (RJPM) Pvt. Ltd. (in second appeal)
Legal Representatives:
- For Appellant: Mr. DR Raghunath, Advocate
- For Respondents: Ms. K. Varshini, Advocate for Mr. T. Ravichandran, Advocate for R1; Ms. MS Elamathi, Advocate for R2
Tribunal Members:
- Justice Yogesh Khanna, Member (Judicial)
- Jatindranath Swain, Member (Technical)
Final Ruling & Enforcement
The National Company Law Appellate Tribunal at Chennai has directed the listing of both connected appeals on June 15, 2026 for hearing arguments on behalf of the respondents. The order was passed in hybrid mode on June 5, 2026. This is a procedural order scheduling the next hearing date for the substantive arguments in the appeals filed by the suspended director against the corporate insolvency resolution process actions.
The appeals relate to the insolvency proceedings of M/s. Vijai Spinners (RJPM) Pvt. Ltd., with one appeal challenging actions by Canara Bank and another challenging actions by the appointed liquidator, A Arumugam.