https://www.taxtmi.com/caselaws?id=111241 Wilful breach of an undertaking incorporated in court-sanctioned consent terms amounts to civil contempt when the parties use a subterfuge to defeat the agreed scheme of joint management and control. The consent terms required joint operation of bank accounts and joint signatures for transactions above a specified limit, but the respondents allegedly split transactions and excluded the petitioner from management, defeating both the letter and spirit of the undertaking. The SC held this to be deliberate non-compliance with its orders, found the respondents guilty of contempt under the Contempt of Courts Act, 1971, and imposed simple imprisonment and a fine, with imprisonment kept in abeyance. en-us Thu, 15 Mar 2007 00:00:00 +0530 Tue, 05 Sep 2017 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111241 Wilful breach of an undertaking incorporated in court-sanctioned consent terms amounts to civil contempt when the parties use a subterfuge to defeat the agreed scheme of joint management and control. The consent terms required joint operation of bank accounts and joint signatures for transactions above a specified limit, but the respondents allegedly split transactions and excluded the petitioner from management, defeating both the letter and spirit of the undertaking. The SC held this to be deliberate non-compliance with its orders, found the respondents guilty of contempt under the Contempt of Courts Act, 1971, and imposed simple imprisonment and a fine, with imprisonment kept in abeyance. Case-Laws Companies Law Thu, 15 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111241