2020 (9) TMI 1221

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..... RP period to the respondent - HELD THAT:- Contempt jurisdiction is an extraordinary jurisdiction, not exercisable by ordinary courts/ Tribunals, unless it is specifically conferred upon. NCLT, when it deals with IBC matters, it is Adjudicating Authority created by IBC, no way connected with Companies Act, and the jurisdiction is not interchangeable between Adjudicating Authority under IBC and the .....

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..... Abhishek Parmar, Adv. for CA-01 Mr. Anupam Lal Das, Sr. Adv. with Mr. Shantanu Srivastava, Adv., Mr. Rajesh Gautam, Mr. Anant, Mr. Nipun Sharma, Advs. for BOB, Mr. Tejan Anand, Adv. for home-buyers For the RP: Mr. Ashish Makhija, Mr. Anurag Bhatt, Advs. with Ms. Nisha Malpani, RP, Ms. Muskaan Garg, Adv., Mr. Rakesh Kumar, Ms. Preeti Kashyap, Mr. Dhruv Gupta, Advs. for Ex. -directors. .....

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..... ndment has come stating about Section 425 that contempt jurisdiction is applicable to IBC as well. Applicability has been provided section wise. For example section 424 of the Companies Act 2013, wherein Companies Act Amendment allowed IBC to apply the said provision to the matters pending under IBC. As we all know, contempt jurisdiction is an extraordinary jurisdiction, not exercisable by ordi .....

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