https://www.taxtmi.com/caselaws?id=449291 Delhi HC dismissed contempt petition against respondent company for alleged disobedience of court orders under Companies Act, 1956. Court held that disobedience must be wilful, intentional, and deliberate with full knowledge of consequences. Since respondent's non-compliance resulted from compelling circumstances beyond control and efforts were made to repay outstanding amounts and revive company through fund infusion, contempt was not established. Ongoing winding up and IBC proceedings provided valid defense. en-us Wed, 07 Feb 2024 00:00:00 +0530 Fri, 09 Feb 2024 07:20:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449291 Delhi HC dismissed contempt petition against respondent company for alleged disobedience of court orders under Companies Act, 1956. Court held that disobedience must be wilful, intentional, and deliberate with full knowledge of consequences. Since respondent's non-compliance resulted from compelling circumstances beyond control and efforts were made to repay outstanding amounts and revive company through fund infusion, contempt was not established. Ongoing winding up and IBC proceedings provided valid defense. Case-Laws Companies Law Wed, 07 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449291