2022 (6) TMI 208

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.... Kumar Bhola, Member (T) For Appearing Parties: Abhinav Hansaria, Abhishek Anand and Mohak Sharma, Advs. ORDER Bachu Venkat Balaram Das, Member (J) 1. The present application has been filed by the Applicants for setting aside and recall of order dated 23.11.2020 and 01.12.2020 u/r 49 r/w rule 11 of NCLT rules, 2016. 2. The facts that led to the filing of the present contempt application are a....

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....when the matter was not listed on 30.11.2020, the counsel of the Applicant enquired and the matter was listed on 01.12.2020 for pronouncement of order, whereby this Hon'ble Tribunal penalised the Applicant under Section 128 of the Companies Act and further declared them unfit and disqualified persons for being appointed as Directors under Section 164 of the Companies Act. It is further stated ....

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....raised the question regarding maintainability of present application and further submitted that this Hon'ble Authority has rightly passed the order as Applicants in terms of provision of Code have completely failed to extend the cooperation. It is further stated that the applicants have not shown any sufficient cause for non-appearance in terms of Rule 49(2) of the NCLT Rules, 2016. It is furt....