2026 (1) TMI 270

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..... 400/2025 (IA No. 1159/2025) - -<br>Insolvency & Bankruptcy<br>JUSTICE SHARAD KUMAR SHARMA MEMBER (JUDICIAL) AND JATINDRANATH SWAIN MEMBER (TECHNICAL) For the Appellants : Mr. MS Viswanathan, Advocate For the Respondents : Mr. Arjun Makuny, Advocate ORDER Oral: Justice Sharad Kumar Sharma, Member (Judicial): In this Company Appeal on the Appellant herein, i.e., Employees&#39; Provi....

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....t was expressed regarding intiating of a contempt proceedings in the event of noncompliance of the order within the time period as prescribed therein. 3) For the purposes to better appreciate the inference, that is being attempted to be drawn from the impugned order by the Appellant, it becomes relevant for us to consider the order dated 07.03.2025 itself, which has been passed by the Learned T....

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....he said amount within 4 weeks and file a compliance memo. 5) The impugned order, which has been put under challenge, is simpliciter an order, which aims to ensure compliance of the said order/directions that has been given in the order of 07.03.2025. Consequentially the order of 06.06.2025, does not have any independent existence in itself; it only seeks to enforce compliance of its earlier ord....

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....ding in the event of non-compliance is a natural consequence and cannot be faulted. Accordingly, in the instant Company Appeal, we don&#39;t see any logic to interfere with the impugned order dated 06.06.2025, because the said direction has been issued only because of non-compliance of the order dated 07.03.2025 and because, the impugned order only contemplates taking of an action for drawing a co....