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NATIONAL COMPANY LAW TRIBUNAL
Sanjay Kumar Agarwal – Appellant
Versus
Canara Bank – Respondent
THE NATIONAL COMPANY LAW TRIBUNAL CHANDIGARH BENCH (COURT – II)
Item No.208 IA(IBC)(DIS.)/8(CH)2024 In CP(IB) No. 340/Chd/Pb/2018 (Admitted)
IN THE MATTER OF:
Punjab Basmati Rice Ltd. … Applicant Under Section: 10, 54(1), 66, IBC 2016 Rule: 11 of NCLT, 2016 Order delivered on 14.01.2026 CORAM:
SHRI. K. K. SINGH, SHRI. K. BISWAL, HON’BLE MEMBER (T) HON’BLE MEMBER (J)
PRESENT:-
For the Applicant-Liquidator in : Ms. Eshna Kumar, Ms. Akshita IA(IBC)(DIS.)/8(CH)2024 Sharma, Advocates along with Mr. COMP.APPL(IBC)/76(CH)2020 Sanjay Kumar Aggarwal, Liquidator, C ONT.A.(IBC)/22(CH)2023 present through V.C.
For the Respondent No.1 in : Ms. Jyoti Sareen with Mr. Anshul COMP.APPL(IBC)/76(CH)2020Click Here to Read the rest of this document
The NCLT has exclusive jurisdiction over contempt arising from its orders, and the High Court cannot assume parallel contempt jurisdiction under the Contempt of Courts Act, 1971.
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