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NATIONAL COMPANY LAW TRIBUNAL
SHRI RAJEEV BHARDWAJ, J, SHRI SANJAY PURI, T
Axis Bank Ltd – Appellant
Versus
Lanco Kondapalli Power Ltd – Respondent
| Table of Content |
|---|
| 1. application filed under contempt of courts act and ibc. (Para 1 , 2) |
| 2. respondents contest application, citing legal jurisdiction and compliance issues. (Para 3 , 4 , 5) |
| 3. court's observations on contempt and jurisdiction regarding natural persons. (Para 6 , 7 , 8) |
ORDER
1. The present application has been filed by Mr. Pankaj Dhanuka, Resolution Professional of Lanco Kondapalli Power Limited (hereinafter referred to as “the Applicant”), under Section 12 of the Contempt of Courts Act, 1971 , read with Section 60 (5) of the Insolvency and Bankruptcy Code, 2016 , Section 425 of the Companies Act, 2013 , and Rule 11 of the National Company Law Tribunal Rules, 2016, against the Southern Power Distribution Company of Andhra Pradesh Limited and Eastern Power Distribution Company of Andhra Pradesh Limited (hereinafter referred to as “the Respondents/DISCOMS”), seeking the following reliefs:
(i) Initiate contempt proceedings against Respondent Nos. 1 and 2 as contemplated under Section 425 of the Companies Act, 2013 .
(ii) Direct Respondent Nos. 1 and 2 to comply with the directions of this Hon’ble Tribunal given vide order dated 27.11.2019.
2. Application
2.1 The present A
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