Authority: National Company Law Tribunal, Division Bench–I, Chennai
Order Date: 12 June 2026
Case Overview
The hearing concerned Company Petition number CP(IBC)/351(CHE)/2025, an application filed under Section 59 of the Insolvency and Bankruptcy Code (IBC), 2016. The petitioner was Chennur Dwarakanath, acting in his capacity as the Liquidator for Atlas Material Testing Technology (India) Pvt. Ltd. Representatives were present for the petitioner/liquidator, the Registrar of Companies (RoC), and the Income Tax Department. During the hearing, clarifications were sought by the bench. Following the hearing, the order was reserved, meaning a final decision was not issued immediately and will be delivered at a later date.
Final Outcome
The final outcome of the application for the voluntary liquidation of Atlas Material Testing Technology (India) Pvt. Ltd. is pending, as the tribunal reserved its order after the hearing. The matter remains sub judice.
Topics: Corporate Insolvency, NCLT Proceeding, Voluntary Liquidation