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2007 (3) TMI 380 - SC - Companies LawWhether the respondents have violated the terms of the undertaking given to the Court and if so, what are its consequences? Whether deliberate breach of undertaking can attract section 2(b) of the Contempt of Courts Act? Held that:- The respondents are clearly guilty of committing contempt of court by deliberate and wilful disobedience of the undertaking given by them to this Court. In this view of the matter, in order to maintain sanctity of the orders of this Court, the respondents must receive appropriate punishment for deliberately flouting the orders of this Court. Consequently, convict the respondents under section 2(b) of the Contempt of Courts Act and sentence them to a simple imprisonment for a period of two months & further impose a fine of ₹ 2,000 to be deposited by each of them within one week failing which they shall further undergo imprisonment for one month.
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