Authority: National Company Law Tribunal, Division Bench (Court-I), Chennai
Order Date: 30 June 2026
Case Overview
The National Company Law Tribunal (NCLT) Chennai heard three interlocutory applications (IAs) in the ongoing insolvency proceedings between IJM Concrete Products Pvt Ltd (Corporate Debtor/Successful Resolution Applicant) and P Dot G Constructions Pvt Ltd. The matters were heard through video conference by a bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical).
The applications are connected to the main petition CP/193/IB/2018 and specifically to MA/554/2019. The Corporate Debtor/Successful Resolution Applicant was represented by Learned Counsel Mr. Ravi Rajagopalan. For each application, affidavits of service were e-filed, and the Applicant was directed to file hard copies of these affidavits.
Final Outcome
The tribunal adjourned all three applications to 27 July 2026 for final hearing, to be conducted physically.
For IA(IBC)/845(CHE)2024: The Applicant reported settlements with 9 out of 10 respondents, proceeding only against R1 who was set ex-parte due to non-appearance despite service.
For IA/901/CHE/2024: The Applicant reported settlements with 3 out of 5 respondents, proceeding only against R2 and R3 who were set ex-parte due to non-appearance despite service.
For IA/925/CHE/2024: The Applicant reported settlement with only 1 out of 11 respondents (R9). Respondent R8 appeared through Learned Counsel Mr. Arvind but had not filed a reply despite previous time granted. The tribunal granted a final opportunity of two weeks for R8 to file a reply, with rejoinder to be filed within two weeks thereafter. All other respondents except R8 were set ex-parte due to non-appearance despite service.
Topics: Insolvency Proceedings, NCLT Hearing, Settlement Agreements