Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
TMI Blog
Home / TMI Blogs / RSS

Contempt undertakings require clear commitments, while foreign money decrees may warrant security pending execution proceedings.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Contempt for breach of an undertaking requires a clear, express and unambiguous commitment that demonstrates a firm obligation to act or refrain from acting. A statement merely clarifying that a proposed acquisition would not proceed does not, without more, constitute an undertaking enforceable through contempt. Foreign money decrees of superior courts in reciprocating territories may be prima facie executable in India, with comity of nations relevant at the interlocutory stage. Where corporate transactions and changes of control indicate possible asset dissipation, interim protection and adequate security may be maintained pending execution. Questions concerning veil lifting and the liability of family-controlled entities remain for determination in execution proceedings.....