The case involves an application filed under Section 425 of the Companies Act, 2013, read with Sections 10 and 12 of the Contempt of Courts Act, 1971, against the Corporate Debtor, its Promoter, and Directors. The applicant sought action against the Corporate Debtor for willful disobedience of a previous order dated 2018-05-29. The applicant also sought directions to honor a settlement agreement dated 2018-05-25 and impose a penalty for non-compliance.
Mr. K.K. Agarwal filed an application against M/s. Soni Infratech Pvt. Ltd. & Ors. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The application, C.A. No. 2376(PB)/2019, was filed under Section 425 of the Companies Act, 2013, read with Sections 10 and 12 of the Contempt of Courts Act, 1971. The applicant sought action against the Corporate Debtor, including its Promoter (Mr. K.N. Shukla) and Directors (Mr. Praveen Kumar Shukla and Mr. Anurag Pandey), for willful disobedience of a previous order dated 2018-05-29. The applicant also sought directions to honor a settlement agreement dated 2018-05-25 and impose a penalty of Rs. 5,00,000/- for non-compliance. The Corporate Debtor allegedly failed to honor the settlement arrangement recorded by the NCLT
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The case involves an application filed under Section 425 of the Companies Act, 2013, read with Sections 10 and 12 of the Contempt of Courts Act, 1971, against the Corporate Debtor, its Promoter, and Directors. The applicant sought action against the Corporate Debtor for willful disobedience of a previous order dated 2018-05-29. The applicant also sought directions to honor a settlement agreement dated 2018-05-25 and impose a penalty for non-compliance.
Mr. K.K. Agarwal filed an application against M/s. Soni Infratech Pvt. Ltd. & Ors. under Section 7 of the Insolvency & Bankruptcy Code, 2016. The application, C.A. No. 2376(PB)/2019, was filed under Section 425 of the Companies Act, 2013, read with Sections 10 and 12 of the Contempt of Courts Act, 1971. The applicant sought action against the Corporate Debtor, including its Promoter (Mr. K.N. Shukla) and Directors (Mr. Praveen Kumar Shukla and Mr. Anurag Pandey), for willful disobedience of a previous order dated 2018-05-29. The applicant also sought directions to honor a settlement agreement dated 2018-05-25 and impose a penalty of Rs. 5,00,000/- for non-compliance. The Corporate Debtor allegedly failed to honor the settlement arrangement recorded by the NCLT
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Date of the order…