https://www.taxtmi.com/caselaws?id=185625 The Court held that the contempt proceedings were premature as the Company Judge was already seized of the matter regarding non-compliance with the Scheme of Amalgamation. The appellants were directed to await the decision in the Company Judge's case before proceeding with the contempt proceedings. The operation of the order for depositing US$ 1.5 million was stayed pending the Company Judge's decision, emphasizing the need for expeditious resolution within three months. The Court reserved all rights and contentions of the parties and disposed of the appeal accordingly. en-us Fri, 16 Nov 2012 00:00:00 +0530 Mon, 22 Aug 2016 12:08:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185625 The Court held that the contempt proceedings were premature as the Company Judge was already seized of the matter regarding non-compliance with the Scheme of Amalgamation. The appellants were directed to await the decision in the Company Judge's case before proceeding with the contempt proceedings. The operation of the order for depositing US$ 1.5 million was stayed pending the Company Judge's decision, emphasizing the need for expeditious resolution within three months. The Court reserved all rights and contentions of the parties and disposed of the appeal accordingly. Case-Laws Customs Fri, 16 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185625