NATIONAL COMPANY LAW TRIBUNAL
Vinay Goel, Member (Judicial)
State Bank of India – Appellant
Versus
Tenny Jose – Respondent
| Table of Content |
|---|
| 1. contempt filed due to alleged non-payments. (Para 1 , 2) |
| 2. court reviewed previous similar cases. (Para 5 , 6) |
O R D E R
1. This Contempt Petition is filed under Section 425 of the Companies Act, 2013 , read with Sections 11 and 12 of the Contempt of Courts Act, 1971 , and Rule 11 of the NCLT Rules, 2016, by the Financial Creditor, State Bank of India, against the suspended directors of the Corporate Debtor Company, M/s Tenny Jose Limited (hereinafter referred to as “the Corporate Debtor”), for their wilful and deliberate violation of the order dated 25.01.2023 passed by this Adjudicating Authority in IA(IBC)/207/KOB/2022. Brief facts of the case: -
2. The petitioner submitted that this Adjudicating Authority vide order dated 21.12.2021 in CP(IBC)/25/KOB/2021 admitted the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (the Code) against the Corporate Debtor, and appointed an Interim Resolution Professional, who was later replaced by the Resolution Professional on 14.03.2022. It is further submitted that during CIRP, certain transactions were identified as extortionate credit transactions, and accordingly, IA(IBC)/207/KOB/2022 was filed under

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