Case Details
Case Name: Abhimanyu Raja (Suspended MD of Vijai Spinners) vs Canara Bank & Anr. and Suspended Director of Vijai Spinners & Anr. vs Liquidator of Vijai Spinners
Court/Authority: National Company Law Appellate Tribunal, Chennai
Case Numbers: Company Appeal (AT) (CH) (Ins) No. 08/2026 and Company Appeal (AT) (CH) (Ins) No. 09/2026
Interlocutory Applications: IA No.22/2026 and IA No.23/2026
Date of Order: June 2, 2026
Parties Involved
Appellants:
- Abhimanyu Raja, Managing (Suspended) Director of M/s. Vijai Spinners (RJPM) Pvt. Ltd. (in first appeal)
- Suspended Director of M/s. Vijai Spinners (RJPM) Pvt. Ltd. & Anr. (in second appeal)
Respondents:
- Canara Bank (R1 in first appeal)
- Unnamed second respondent (R2 in first appeal)
- A Arumugam (Currently S. Rajendran), Liquidator of M/s. Vijai Spinners (RJPM) Pvt. Ltd. (in second appeal)
Legal Representation:
- For Appellant: Mr. DR Raghunath, Advocate
- For Respondents: Mr. T. Ravichandran, Advocate for R1 (Canara Bank); Ms. Elamathi, Advocate for R2 and for Liquidator
Final Ruling & Enforcement
The NCLAT Chennai has adjourned both appeals to June 5, 2026 under the caption 'For Orders'. The appellant's counsel has completed arguments and will submit written submissions before the next hearing. The tribunal will hear the respondents on the next date. The order was passed in hybrid mode by Justice Sharad Kumar Sharma (Member-Judicial) and Jatindranath Swain (Member-Technical).