Authority: National Company Law Tribunal (NCLT), Division Bench (Court–I), Chennai
Order Date: 22 June 2026
Case Overview
This is a procedural order from a hearing in the main petition CP/567/IB/2018, where APL Apollo Tubes Ltd is the applicant against SAS Autocom Engineers India Pvt Ltd. The specific applications being heard were IA(IBC)/677(CHE)/2022 and IA(IBC)/691(CHE)/2022. The applicant in these applications is the liquidator of the corporate debtor. The promoter directors of the respondent company were not present for the hearing.
The liquidator's counsel, Ms. Aishwarya, submitted that the required bank statement was received by the applicant just the day before the hearing (21 June 2026). An attempt to file it was made, but the NCLT's official portal was not operational on that day, preventing the filing from being completed.
Final Outcome
The bench, comprising Member (Judicial) Shri Sanjiv Jain and Member (Technical) Shri Venkataraman Subramaniam, granted the liquidator a two-week extension to file the bank statement. The liquidator was also directed to file a revised synopsis. The applications are now listed for their next hearing on 3 August 2026.
Topics: Insolvency Proceeding, NCLT Hearing, Liquidation