Single Judge disposed of a contempt petition contending that respondents caused no impediment in remittance of funds to a vendor company.
Contempt petition disposed of; petitioners allowed to apply to SBI Dubai for remittance.
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NAND LAL BHATIA & ANR ..... Petitioners
Through Mr. Sandeep Sethi, Senior Advocate with Mr. Siddharth Yadav, Mr. Rakesh Ojha, Ms. Vijeta Mukherjee and Ms. Tanushree Ghosh, Advocates
KULDEEP KAUL & ANR ..... Respondents Through Mr. A.S. Chandhiok, Senior Advocate with Mr. N.P.S. Chawla, Ms. Sweta Kakkad, Mr. Anukrit Gupta and Ms. Pallavi Kumar, Advocates
CORAM: HON'BLE MR. JUSTICE MANMOHAN
O R D E R % 09.11.2016
Mr. A.S. Chandhiok, learned senior counsel for the respondents states that respondents have not created any impediment in remittance of GBP 369123.05 in favour of Vendor Company Moog Fernau.
Mr. Chandhiok contends that in accordance with the orders passed by the Company Law Board/NCLT dated 16th May, 2016 and 24th May, 2016, the State Bank of India, Dubai is obliged in law to release the aforesaid payment to the Vendor Company Moog Fernau without any further reference or consent or no objection certificate from his clients.
CONT.CAS(C) 1089/2016
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In view of the aforesaid statements, no further orders are required in the present contempt petition and the petitioners are at liberty to apply to State Bank of India, Dubai for remittance of GBP 369123.05 to Moog Fernau.
This Court is confident that State Bank of India, Dubai will act in accordance with the orders passed by the Company Law Board/NCLT as well as by learned Single Judge of this Court in Suit No.1915/2015 and in accordance with the statements given by Mr. A.S. Chandhiok, learned senior counsel for respondents today.
Consequently, present contempt petition stands disposed of.
MANMOHAN, J
NOVEMBER 09, 2016 rn
CONT.CAS(C) 1089/2016
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NAND LAL BHATIA & ANR
KULDEEP KAUL & ANR
MANMOHAN
As recorded by the court registry
Proceedings for wilful disobedience of a court order under the Contempt of Courts Act 1971.
Judgements on the same questions, provisions and authorities, from every court
