APL Apollo Tubes Seeks 427-Day Delay Condonation

Authority: National Company Law Tribunal (NCLT), Division Bench (Court–I), Chennai

Order Date: 29 June 2026

Case Overview

The matter involves an application (IA(IBC)/1011/CHE/2026) filed by APL Apollo Tubes Ltd in the ongoing main insolvency petition CP/567/IB/2018 against SAS Autocom Engineers India Pvt Ltd. The specific application seeks condonation of a significant delay of 427 days in filing the dissolution application. The bench, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), heard the matter through video conference with Mr. R. Ramkumar appearing as counsel for the applicant company.

Final Outcome

The Tribunal listed the condonation of delay application for a hearing on 20 July 2026, a date that was already fixed for related proceedings. The registry was directed to accept the hard copy of the application. The final decision on whether to condone the 427-day delay is pending and will be considered on the next hearing date.

Topics: NCLT Proceedings, Delay Condonation