Authority: National Company Law Tribunal, Division Bench (Court–I), Chennai
Order Date: July 7, 2026
Case Overview
This proceeding involves an application (IA(COMPANIES.ACT)/184(CHE)2026) filed in the main petition CP/77(CHE)2025 by the Liquidator of Super Line Engineering Ltd, represented by Counsel Shri. A.G. Sathyanarayana. The application seeks the dissolution of the company. The Liquidator submitted to the tribunal that the company possesses no assets and that no claims were received from any creditors during the liquidation process. Furthermore, it was disclosed that the company's shareholders passed a resolution with 100% of the vote in favor of dissolving the company. The Liquidator also confirmed that the company has no bank account and that all expenses related to the liquidation process, including the Liquidator's fees, were contributed by the shareholders. A final report was filed by the Liquidator as part of this process.
Final Outcome
The bench, comprising Member (Judicial) Shri. Sanjiv Jain and Member (Technical) Shri. Venkataraman Subramaniam, did not issue a final order on the dissolution application. Instead, the tribunal listed the matter for a further hearing on July 22, 2026, specifically to seek clarifications on the application.
Topics: Corporate Dissolution, Liquidation, NCLT Proceeding