https://www.taxtmi.com/caselaws?id=299455 The court upheld the conviction and sentence of the appellants for contempt of court by violating an injunction order. The appellants were found to have willfully disobeyed the court order by acting as Directors and selling company property in contravention of the injunction. Despite the appellants' apology and settlement attempts with purchasers, the court deemed their actions unacceptable and imposed a punishment of fifteen days of imprisonment. However, the appellants were given an opportunity to avoid imprisonment by canceling the illegal sale deeds, refunding amounts, settling claims, and paying a fine within three months. en-us Fri, 06 Nov 2009 00:00:00 +0530 Wed, 15 Dec 2021 14:27:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299455 The court upheld the conviction and sentence of the appellants for contempt of court by violating an injunction order. The appellants were found to have willfully disobeyed the court order by acting as Directors and selling company property in contravention of the injunction. Despite the appellants' apology and settlement attempts with purchasers, the court deemed their actions unacceptable and imposed a punishment of fifteen days of imprisonment. However, the appellants were given an opportunity to avoid imprisonment by canceling the illegal sale deeds, refunding amounts, settling claims, and paying a fine within three months. Case-Laws Companies Law Fri, 06 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299455