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Issues: Whether criminal contempt proceedings should be initiated on the basis of the alleged prejudicial newspaper publications concerning a pending company dispute.
Analysis: The applications were founded on the allegation that the respondents had published news items and commentaries with a slanted view to influence the public and the adjudicatory process in relation to a matter pending before the Company Law Board. The materials placed on record were considered, but the Court did not find a sufficient basis to invoke the contempt jurisdiction on the facts presented.
Conclusion: The request to initiate criminal contempt proceedings was rejected, and the applications were dismissed.
Final Conclusion: No contempt action was initiated on the facts and materials placed before the Court, and the applicants were left to pursue any available remedy before the appropriate forum.