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IBC - Highlights / Catch Notes

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Contempt petition the company and it’s officers/directors - The ...


Court Dismisses Contempt Petition Against Company for Lack of Willful Disobedience in Payment Dispute under Compromise Decree.

August 12, 2019

Case Laws     Insolvency and Bankruptcy     HC

Contempt petition the company and it’s officers/directors - The respondents are prevented by operation of law from jumping the queue and paying the balance amount to the petitioner in satisfaction of the compromise decree. - In the absence of any willful disobedience by the respondents, this Court cannot grant the relief sought for by the petitioner

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