Authority: National Company Law Tribunal, Division Bench (Court-I) Chennai
Order Date: 09 June 2026
Case Overview
The matter concerns the corporate insolvency resolution process of APL Appolo Tubes Ltd (Corporate Debtor) initiated by SAS Autocom Engineers India Pvt Ltd. The hearing pertained to Interlocutory Application IA(IBC)(DIS)/19(CHE)2026 filed by the Liquidator. The application sought to place on record the final report, final accounts, and Form-H related to the liquidation process. The Liquidator's primary request was for the Tribunal to pass an order dissolving the Corporate Debtor under the provisions of Section 54 of the Insolvency and Bankruptcy Code (IBC), 2016, which would formally conclude the liquidation process.
Final Outcome
The Tribunal, comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical), deferred the hearing. The bench noted that the Liquidator had also filed separate applications seeking condonation of delay and an extension of time, which were still under scrutiny and had not yet been listed for hearing. Consequently, the Tribunal ordered that the main application for dissolution be listed next for hearing on 20 July 2026, along with the pending applications for condonation of delay and extension of time.
Topics: Corporate Insolvency, Liquidation Process, NCLT Proceeding