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24.04.2018- These appeals have been preferred by the BPTP Ltd. (Respondents before the National Company Law Tribunal, ('Tribunal" for short), New Delhi Bench against order dated 20th December, 2017 passed in CA 208/C-II/2017 in CP No. 89(ND)/2014, whereby and whereunder the Tribunal issued a threat of initiating contempt proceeding with following observations:

"5. Since this Bench on previous dates had been given to understand that the entire payment would be liquidated by March, 2018, it is being made abundantly clear that in case of any default in this payment and/or failing to Company Appeals (AT) Nos. 29, 41, 49, 50 & 51 of 2018 take further steps on 29th January, 2018 to liquidate the entire outstanding by the end of March, 2018, the contemnor is liable to face contempt proceedings as enough indulgence has already been granted to him. Beyond a point, no further latitude can be shown, as that would be at the cost and interest of the Petitioner. The situation here has required a delicate balance in the larger interest of the businesses of JDs not collapsing as well as to ensure that the petitioner is also able to retrieve its investments in terms of the MOU at the earliest. Therefore, on the next date of hearing, i.e. 29th January,2018, should positive steps not be taken to liquidate the entire outstanding by way of a Draft / PDC payable on or before 31st March 2018, contempt shall necessarily follow with any further indulgence."