https://www.taxtmi.com/caselaws?id=438356 The appeal was dismissed, and the NCLT's order allowing the Execution Application and dismissing the Contempt and Refund Applications was upheld by the NCLAT. The parties' Consent Terms were enforced, including the acquisition of shares and non-compete obligations. The NCLT's power to execute orders under the Companies Act, 2013 was affirmed to provide substantial relief. The alleged breach of non-compete obligations was not established, and the Contempt and Refund Applications were deemed infructuous. Specific directions were given for the sale of shares and adjudication of remaining issues. en-us Thu, 25 May 2023 00:00:00 +0530 Mon, 29 May 2023 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438356 The appeal was dismissed, and the NCLT's order allowing the Execution Application and dismissing the Contempt and Refund Applications was upheld by the NCLAT. The parties' Consent Terms were enforced, including the acquisition of shares and non-compete obligations. The NCLT's power to execute orders under the Companies Act, 2013 was affirmed to provide substantial relief. The alleged breach of non-compete obligations was not established, and the Contempt and Refund Applications were deemed infructuous. Specific directions were given for the sale of shares and adjudication of remaining issues. Case-Laws Companies Law Thu, 25 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438356