https://www.taxtmi.com/caselaws?id=798182 Contempt jurisdiction arises only from a clear, solemn, unambiguous and firm undertaking intended to be acted upon by the court; a statement that an entity had then decided not to proceed with an acquisition is merely clarificatory and does not support contempt. A foreign money decree from a superior court in a reciprocating territory is prima facie executable, and protective security may be required where corporate restructuring and related transactions create a genuine apprehension of asset dissipation. Such interim protection preserves effective execution without determining whether the corporate veil may be lifted or assets of related entities reached, which remains for the executing commercial courts. en-us Tue, 01 Sep 2026 00:00:00 +0530 Thu, 03 Sep 2026 08:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798182 Contempt jurisdiction arises only from a clear, solemn, unambiguous and firm undertaking intended to be acted upon by the court; a statement that an entity had then decided not to proceed with an acquisition is merely clarificatory and does not support contempt. A foreign money decree from a superior court in a reciprocating territory is prima facie executable, and protective security may be required where corporate restructuring and related transactions create a genuine apprehension of asset dissipation. Such interim protection preserves effective execution without determining whether the corporate veil may be lifted or assets of related entities reached, which remains for the executing commercial courts. Case-Laws Companies Law Tue, 01 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798182