This is a contempt petition filed due to the respondent allegedly continuing to act as the Resolution Professional of the Corporate Debtor despite a prior court order stating they would not. The grievance stems from the respondent conducting the seventh Committee of Creditors (CoC) meeting after the court order.
The Supreme Court addressed a contempt petition. The petitioner alleged that the respondent violated a previous court order by continuing to act as the Resolution Professional for a Corporate Debtor. Specifically, the respondent conducted a CoC meeting after stating they would cease acting in that role. The respondent claimed to have filed a motion with the NCLT to be discharged from the role, but the proceedings were delayed. The Supreme Court noted the respondent's attempt to be discharged and directed the NCLT to expedite the matter. The contempt petition was dismissed.
Sign in to view the parties.
Court order recorded the statement of the…
Respondent co…
Sign in to view related legal provisions.
This is a contempt petition filed due to the respondent allegedly continuing to act as the Resolution Professional of the Corporate Debtor despite a prior court order stating they would not. The grievance stems from the respondent conducting the seventh Committee of Creditors (CoC) meeting after the court order.
The Supreme Court addressed a contempt petition. The petitioner alleged that the respondent violated a previous court order by continuing to act as the Resolution Professional for a Corporate Debtor. Specifically, the respondent conducted a CoC meeting after stating they would cease acting in that role. The respondent claimed to have filed a motion with the NCLT to be discharged from the role, but the proceedings were delayed. The Supreme Court noted the respondent's attempt to be discharged and directed the NCLT to expedite the matter. The contempt petition was dismissed.
Court order recorded the statement of the…
Respondent co…
Sign in to view related legal provisions.