"I am not aware of any application. We will look into it, and if there is something we will issue a statement," said league spokesperson Khusela Sangoni-Khawe on Wednesday.
The Beeld reported on Wednesday that the application by Z2 Presentations was handed in at the South Gauteng High Court on Tuesday.
According to court papers, the company claimed the league owed it R12.8-million.
This figure reportedly includes R7.6-million for services rendered at the league's Bloemfontein congress in 2008, when expelled league president Julius Malema was elected as leader.
The rest of the debt stems predominantly from interest accrued since 2008.
Marius van Rensburg, Z2 Presentations's lawyer, confirmed to the newspaper on Tuesday that the court papers had been submitted.
"The papers have not yet been given to the ANC Youth League, but the sheriff of the court has been asked to do so urgently this week," he said.
ANC spokesperson Keith Khoza told the newspaper the party was not aware of any liquidation application, and said it was highly unlikely that the league would be liquidated.
"They have no assets, and the ANC lends them the office space they occupy."
When asked by Beeld how they could enter into agreements with service providers if they had no assets, Khoza said they had "probably hoped to collect funds". – Sapa