S.ANANDA REDDY
Edpuganti Bapanaiah – Appellant
Versus
K. S. Raju – Respondent
This Contempt petition is filed by the petitioner under Section 10 to 12 of the Contempt of Courts Act, 1971, alleging that the respondents committed civil and criminal contempt by interfering in the course of administration of justice, by violating and disobeying the orders of the Company Law Board, Southern Region Bench at Chennai in C.P.35 of 2000, dated 29.02.2000 and order in C.A.344/634-A/SRB/2001, dated 21.08.2001 and also for breach of affidavits filed before the Company Law Board and this Court in Company Appeal No. 7 of 2001, and to pass such other order or orders as this Court deem it fit and proper.
2. It is stated that 3rd respondent is a company, while the 1st respondent is the promoter director of the 3rd respondent company and the 2nd respondent is the President of the 3rd respondent company. It is stated that the 1st respondent and other directors, on behalf of the 3rd respondent company, issued a public advertisement, inviting deposits, proposing to return the deposits with attractive interests., and accordingly, received deposits from the public. In that process, the petitioner deposited Rs.40 lakh as it was informed that the same would multiply to dou
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