https://www.taxtmi.com/caselaws?id=380192 The court concluded that HDFC had complied with the court's directive by considering the applicant's representation and making a business decision not to restore the housing loan or the flat allotment. The court dismissed the contempt application, stating that the decisions of HDFC were not contumacious and were based on valid business reasons. The court also noted that the dispute primarily lay between the applicant and HDFC, with the Income Tax Department having complied with the court's orders by revoking the attachment. en-us Tue, 07 May 2019 00:00:00 +0530 Thu, 16 May 2019 07:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380192 The court concluded that HDFC had complied with the court's directive by considering the applicant's representation and making a business decision not to restore the housing loan or the flat allotment. The court dismissed the contempt application, stating that the decisions of HDFC were not contumacious and were based on valid business reasons. The court also noted that the dispute primarily lay between the applicant and HDFC, with the Income Tax Department having complied with the court's orders by revoking the attachment. Case-Laws Insolvency and Bankruptcy Tue, 07 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380192