The Appellant filed a Company Appeal against an order dated 20.01.2026, which arose from a Contempt Petition. The Appellant had initially filed an application seeking directions for the Respondent to cooperate in furnishing financial statements.
The Appellant filed an application seeking directions for the Respondent to cooperate in furnishing financial statements.
The Adjudicating Authority passed an order on 23.06.2025, directing the Respondents to extend assistance to the Appellant/Applicant Bank/Bankruptcy Trustee.
The Appellant filed a Contempt Petition alleging non-compliance with the order.
The Appellant filed the Contempt Petition under Section 425 of the Companies Act and Sections 10 & 12 of the Contempt of Courts Act, 1971.
The Tribunal rejected the Application for contempt, leading to the Company Appeal.
The Tribunal found that no orders had been deliberately violated and dismissed the Contempt Petition on 20.01.2026.
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Oral Judgment delivered…
The Adjudicating Authority passed an order in…
The Appellant filed a Company Appeal against an order dated 20.01.2026, which arose from a Contempt Petition. The Appellant had initially filed an application seeking directions for the Respondent to cooperate in furnishing financial statements.
The Appellant filed an application seeking directions for the Respondent to cooperate in furnishing financial statements.
The Adjudicating Authority passed an order on 23.06.2025, directing the Respondents to extend assistance to the Appellant/Applicant Bank/Bankruptcy Trustee.
The Appellant filed a Contempt Petition alleging non-compliance with the order.
The Appellant filed the Contempt Petition under Section 425 of the Companies Act and Sections 10 & 12 of the Contempt of Courts Act, 1971.
The Tribunal rejected the Application for contempt, leading to the Company Appeal.
The Tribunal found that no orders had been deliberately violated and dismissed the Contempt Petition on 20.01.2026.
Oral Judgment delivered…
The Adjudicating Authority passed an order in…