https://www.taxtmi.com/caselaws?id=425870 Wilful disobedience of a Tribunal's order and undertaking constituted civil contempt where the respondents failed to pay the first instalment, issued a dishonoured cheque, and did not regularise compliance despite repeated s. Their explanations of internal approval, inability to pay, and arbitration did not negate deliberate non-compliance. However, the settlement agreement itself was not treated as wilfully breached in the contempt sense because it contained an arbitration mechanism for breach disputes. As the settlement foundation for disposal had failed, the earlier order dated 11.03.2019 was recalled and the corporate insolvency resolution process was revived. en-us Mon, 01 Aug 2022 00:00:00 +0530 Wed, 03 Aug 2022 08:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425870 Wilful disobedience of a Tribunal's order and undertaking constituted civil contempt where the respondents failed to pay the first instalment, issued a dishonoured cheque, and did not regularise compliance despite repeated s. Their explanations of internal approval, inability to pay, and arbitration did not negate deliberate non-compliance. However, the settlement agreement itself was not treated as wilfully breached in the contempt sense because it contained an arbitration mechanism for breach disputes. As the settlement foundation for disposal had failed, the earlier order dated 11.03.2019 was recalled and the corporate insolvency resolution process was revived. Case-Laws Insolvency and Bankruptcy Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425870