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2020 (12) TMI 704 - Tri - Insolvency and BankruptcyOppression and Mismanagement - Contempt proceeding - alleged contemnor for willfully and deliberately disobeying the order - partition of the shareholding in the R1 company - maintenance of status quo of the shareholdings and fixed assets of R1 company - HELD THAT:- The respondents are directed to file the up-to-date status of the affairs of the company as has been prepared by the respondents, and continue doing so on monthly basis which would include accounts, till the partition proceedings are initiated and completed. Since these directions to the respondents to file the same with the Tribunal were left out from being mentioned in the order, the respondents cannot be made liable under contempt, particularly in view of the fact that they are stated to have been preparing the same regularly. Since the order dated 11th February 2020 required certain clarification, it is made clear in this order and may be read accordingly by all concerned. Since there is no violation of the orders of this Tribunal, the present application filed by the applicant is dismissed.
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