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2021 (2) TMI 1191 - Tri - Companies LawSeeking to initiate contempt proceedings against the alleged contemnors for their wilful disobedience of Orders - Section 425 of Companies Act, 2013 R/w Sections 11, 12 & 14 of the Contempt of Courts Act, 1971 R/w. Rule 11 of the NCLT Rules, 2016 - HELD THAT:- Though notices were issued to the Respondent, none appeared for the Respondent. Therefore, it is not known whether the contemnor is financially solvent or not, in order to initiate contempt proceedings. The Contempt Proceedings need not not be initiated - Contempt Petition is hereby disposed off.
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