# In the matter of Indu Projects Limited

> NCLT judgment dated 2025-07-15. Citation: TCN-2025-NCLT-00791. Bank of India filed an application seeking contempt proceedings against the respondents for…

- **Court:** NCLT
- **Order date:** 15 Jul 2025
- **Citation:** TCN-2025-NCLT-00791
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-hyderabad/indu-projects-limited-285ea64e

## Summary

### Background

Bank of India filed an application seeking contempt proceedings against the respondents for wilful disobedience of orders passed by NCLAT and NCLT regarding the implementation of a resolution plan.

## Facts

Bank of India, the Financial Creditor, filed an application against Earthin Projects Ltd. and others seeking contempt proceedings.

Indu Projects Limited was admitted into CIRP vide order dated 25.02.2019.

Earthin Projects Ltd. emerged as the Successful Resolution Applicant, and the Resolution Plan was approved on 01.01.2021.

Earthin Projects Ltd. failed to adhere to the terms of the Resolution Plan.

NCLAT granted Earthin Projects Ltd. a three-month extension to comply with the order dated 13.04.2022.

APGENCO invoked the Bank Guarantee, and the Applicant remitted Rs. 18,81,20,000/- on 07.03.2022.

A new Resolution Plan submitted by B. Subba Reddy in consortium with C. Venkateshwara Reddy was approved and is currently under implementation.

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## Issues and analysis

### Issue 1: Whether the Respondents are guilty of contempt of court for wilful disobedience of the orders …

**Ratio:** The Tribunal and the Appellate Tribunal are empowered to punish a person for violation of

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**Reasoning:** The court noted that the contemptuous act, if any, was against Hon'ble NCLAT and not

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**Interpretation:** The Authority is empowered to penalize contemptuous acts related to its own

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**Application:** The court found that the Applicant was essentially seeking contempt proceedings

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## Parties

- **Judges:** Rajeev Bh…; Sanjay…
- **Appellants:** Bank of…
- **Respondents:** Indu Projec…; Earthin Projects…; +9 more
- **Other parties:** Gopikrishan…; Anup Kumar…
- **Advocates:** Yasa…; Avinash B.…; +1 more

## Timeline

- **2019-02-25 — CIRP Admi…**: Indu Projects Limited…
- **2021-01-01 — Resolution Plan…**: Resolution Plan submitted by…

## Legal provisions

- [Insolvency and Bankruptcy Code, 2016, Section 7 — Initiation of corporate insolvency resolution…](https://caseease.in/legal-provisions/insolvency-and-bankruptcy-code-2016/section-7)

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