NCLT Chennai Disposes IJM Concrete vs P Dot G Applications

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

Order Date: 06 July 2026

Case Overview

The hearing involved multiple contempt applications (Cont.A(IBC)/40/CHE/2025, Cont.A(IBC)/41/CHE/2025, Cont.A(IBC)/43/CHE/2025, Cont.A(IBC)/37/CHE/2025, and Cont.A(IBC)/38/CHE/2025) arising from main petition CP/193/IB/2018 between IJM Concrete Products Pvt Ltd (Applicant) and P Dot G Constructions Pvt Ltd (Corporate Debtor/Respondent). The matter was heard through video conference before a bench comprising Hon'ble Shri Sanjiv Jain (Member Judicial) and Hon'ble Shri Venkataraman Subramaniam (Member Technical).

Counsel for the respondents referred to the Tribunal's previous order dated 10 March 2026 and submitted that the Corporate Debtor undertakes to complete the conveyance of the Undivided Share (UDS) in favor of the applicants expeditiously. The Resolution Professional (SRA) through their counsel supported these submissions and endorsed the corporate debtor's undertaking.

Final Outcome

The Tribunal disposed of all five contempt applications while recording the corporate debtor's undertaking to complete UDS conveyance. The order grants liberty to the applicants to revive the applications in case the conveyance of UDS is not completed by September 2026. The applications were fully disposed of with this conditional provision.

Topics: NCLT Order, Undertaking for UDS Conveyance