https://www.taxtmi.com/caselaws?id=752888 The NCLAT Principal Bench dismissed a contempt petition filed against a company and its directors for alleged disobedience of a CLB order dated 27.05.2016. The Tribunal held that CLB lacked jurisdiction to issue contempt notices as it had no specific power to punish for contempt under the Companies Act, 1956. The petition was deemed fresh rather than transferred proceedings since no contempt matters were pending before CLB on the transfer date of 01.06.2016. Additionally, the CLB order had merged with the Guwahati HC order following dismissal of appeals, applying the doctrine of merger. The appeal was allowed, absolving the directors. en-us Thu, 16 May 2024 00:00:00 +0530 Mon, 20 May 2024 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752888 The NCLAT Principal Bench dismissed a contempt petition filed against a company and its directors for alleged disobedience of a CLB order dated 27.05.2016. The Tribunal held that CLB lacked jurisdiction to issue contempt notices as it had no specific power to punish for contempt under the Companies Act, 1956. The petition was deemed fresh rather than transferred proceedings since no contempt matters were pending before CLB on the transfer date of 01.06.2016. Additionally, the CLB order had merged with the Guwahati HC order following dismissal of appeals, applying the doctrine of merger. The appeal was allowed, absolving the directors. Case-Laws Companies Law Thu, 16 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752888