TAPISTA Industrial Micro Estate Liquidation Extension Granted

Authority: National Company Law Tribunal (NCLT), Division Bench (Court–I), Chennai

Order Date: July 13, 2026

Case Overview

This hearing concerned an interlocutory application (IA(I.B.C)/1153(CHE)2026) filed in the main insolvency petition C.P. (IB)/91(CHE)2021. The application was filed by the Liquidator of TAPISTA Industrial Micro Estate, represented by counsel Mr. Sailesh R. The sole purpose of the application was to seek a formal extension of the corporate debtor's liquidation period.

Final Outcome

The bench, comprising Member (Judicial) Shri Sanjiv Jain and Member (Technical) Shri Venkataraman Subramaniam, allowed the application. The liquidation period for TAPISTA Industrial Micro Estate was officially extended from July 1, 2026, to December 31, 2026. The counsel for the liquidator submitted that the dissolution application is in process. The matter has been listed for a further hearing on July 30, 2026.

Topics: Insolvency, Liquidation Process, NCLT