2020 (2) TMI 1583 - SC - Insolvency and Bankruptcy

Maintainability of contempt petition - HELD THAT - Contempt has been committed. However, as a last opportunity, a period of two weeks from today is given within which to deposit the amounts that had to be deposited within 12 weeks from 13.09.2019, as per our order dated 13.09.2019. Petition disposed off.

Summary

The Supreme Court found contempt committed but gave a last chance to deposit amounts within two weeks from the date of the judgment. The Contempt Petition was disposed of, and a related Miscellaneous Application was clarified to be decided on its own merits.