https://www.taxtmi.com/caselaws?id=382885 An appeal under Section 421 of the Companies Act, 2013 was considered against an order refusing to initiate contempt proceedings under Section 425. The statutory scheme gives the Tribunal and Appellate Tribunal contempt powers similar to the High Court, with the Contempt of Courts Act, 1971 applying subject to modifications. The refusal was based on the finding that wilful and intentional breach of the status quo direction was not established, and the Appellate Tribunal found no reason to interfere. The appeal was not entertained and was dismissed. en-us Wed, 15 May 2019 00:00:00 +0530 Fri, 12 Jul 2019 07:56:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382885 An appeal under Section 421 of the Companies Act, 2013 was considered against an order refusing to initiate contempt proceedings under Section 425. The statutory scheme gives the Tribunal and Appellate Tribunal contempt powers similar to the High Court, with the Contempt of Courts Act, 1971 applying subject to modifications. The refusal was based on the finding that wilful and intentional breach of the status quo direction was not established, and the Appellate Tribunal found no reason to interfere. The appeal was not entertained and was dismissed. Case-Laws Companies Law Wed, 15 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382885