Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: 10 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard a winding up petition (CP(CA)/67(CHE)/2025) filed by The Ramco Cements Ltd against its subsidiary TN Apex Skill Development Centre For Construction & Infra. The hearing addressed an interlocutory application (IA(CA)/65(CHE)/2026) in the matter. The Registrar of Companies (RoC) filed a report on the company's status. Counsel for the company acknowledged that TN Apex Skill Development Centre had no accounts, assets, liabilities, employees, or place of business. The company was originally incorporated to provide training services but never commenced any business activities and had no viable future projects. Publication regarding the winding up proceedings had already been effected. The Provisional Liquidator reported that the company had not paid any amounts, including his fees and remuneration, except for some expenses.
Final Outcome
The counsel for TN Apex Skill Development Centre undertook to pay ₹1,50,000 towards the Provisional Liquidator's fees and remuneration within one week. The NCLT bench comprising Member (Judicial) Sanjiv Jain and Member (Technical) Venkataraman Subramaniam reserved its order on the matter pending this payment. The final disposition of the winding up petition remains subject to the tribunal's reserved order.
Topics: Corporate Insolvency, Winding Up Proceedings, Subsidiary Closure