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2019 (7) TMI 581 - AT - Companies LawInitiation of Contempt Proceedings - Violation of order of ‘status quo’ dated 29th November, 2017 - Section 421 of the Companies Act, 2013 - HELD THAT:- Section 420 of the Companies Act, 2013 empowers the Tribunal to pass order after giving the parties to any proceedings before it, a reasonable opportunity of being heard. The order passed under Section 420 of the Companies Act, 2013 is appealable under Section 421 of the Companies Act, 2013. For the purpose of initiation of contempt proceedings the Tribunal is empowered with the same power as that of High Court and for the purpose power under the provisions of the Contempt of Court Act, 1971 is applicable subject to modification as shown therein - As per Contempt of Court Act, 1971, the appeal lies under Section 19. In the present case, as we find that the Tribunal, after taking into consideration the relevant facts, has come to a definite conclusion and refused to initiate contempt proceedings, we are not deciding the issue aforesaid on merit as we do not want to interfere. Appeal dismissed.
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