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2021 (12) TMI 1327

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..... is to go through the financial statements as per the orders passed by this Bench and then, take a decision whether to sign the financial statements or not, Since the brief purpose for which she sought an inspection of the record as permitted by this court, has not been complied with, it is opined that it is a fit case for ordering notice in this application. The court officer is directed to is .....

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..... iled by the petitioners to initiate contempt proceedings against the respondents on the basis of the report of the observer Mr. P. Nagesh, Sr. Counsel dated 27th November 2021. The report at para 7 clearly says that the respondents have not complied with the order. Initially they have tried to produce the records for inspection but later they completely backed out and adjourned the AGM. The conten .....

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..... pplication, The counsel appearing for the respondents submit that the no order of this court has been violated and the meeting is adjourned and an appeal has already been filed against the orders passed by this Bench. We are Informed that no stay order has been passed by the Hon ble Appellate Tribunal Hence, there is no bar for this Tribunal to initiate contempt proceedings against the respondents .....

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