2026 (6) TMI 1307

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....: By Advs. Smt. Sneha Rajiv, Shri. C.K. Karunakaran, Smt. Lekshmi P. Nair, Smt. Shifna Muhammed Shukkur, Smt. Krishna Suresh, Smt. Mekha Manoj, Shri. Anirudh Indukaladharan, Shri. Simren Parel, Shri. Samuvel Shibu, Smt. Anu Stephen. For the Respondent: By Advs. Shri. Alexander Joseph Markos, Sri. Isaac Thomas, Sri. P.G. Chandapillai Abraham, Sri. Paul P. Abraham, Shri. John Vithayathil. Othe....

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....itioner herein. However, the petitioner states that on account of certain legal issues in the State of Karnataka, wherein the property is situated, the petitioner is not in a position to comply with the first direction referred to above. In the meantime, pointing out that the petitioner has not complied with the directions issued, the 2nd respondent herein sought to initiate Contempt of Court proc....

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....ll be bound by the same. Having heard it is recorded that in case of non-compliance, the Respondent shall be liable to pay Rs. 1,00,000/- per day. Counsel for the Applicant submitted that, upon receipt of written notice, the Applicant shall remain present before the office of the Sub-Registrar for completion of the necessary formalities on its behalf. For filing the compliance me....

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.... orders in its favour as early as in the year 2018, and it is only because the petitioner did not comply with the directions that the 2nd respondent had to institute a Contempt of Court case in the year 2024, which ultimately resulted in Ext.P10 order. 6. I have my own doubts as regards the power of the NCLT for having issued an order in the nature of Ext.P10, by which a huge penalty of Rs. 1,0....