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NCLAT dismisses contempt proceedings against Anil Ambani for disobedience of consent terms

July 24, 2019[2019] 107 taxmann.com 342 (NCL-AT)
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COMPANY LAW : Where consent terms had been arrived between petitioner and contemnors i.e Reliance Infratel Ltd., by Appellate Tribunal's order dated 29-6-2018 and petitioners preferred contempt petitions under section 425 for initiating proceedings for contempt of disobedience of Appellate Tribunal's order dated 29-6-2018 alleging wilful breach of undertaking given by contemnors, not following of 'Consent Terms' cannot be a ground for initiation of a contempt proceeding, and, therefore, no case was made out for initiation of contempt proceedings against any of alleged 'contemnors'

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