https://www.taxtmi.com/caselaws?id=794216 A contempt petition cannot succeed where the underlying direction was based on a mistaken factual assumption and was not an effective command capable of obedience. The text states that the sale proceeds had already been disbursed before the order was made, so the factual foundation for the direction did not exist. On that basis, no wilful disobedience by the liquidator was made out, and contempt could not be used to recover funds or convert the order into one for status quo ante when no such direction had been issued. en-us Tue, 30 Jun 2026 00:00:00 +0530 Thu, 02 Jul 2026 08:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794216 A contempt petition cannot succeed where the underlying direction was based on a mistaken factual assumption and was not an effective command capable of obedience. The text states that the sale proceeds had already been disbursed before the order was made, so the factual foundation for the direction did not exist. On that basis, no wilful disobedience by the liquidator was made out, and contempt could not be used to recover funds or convert the order into one for status quo ante when no such direction had been issued. Case-Laws IBC Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794216