M/S Sony India Pvt. .Ltd v. D.Satish Babu
Case brief
What is this about?
In this contempt petition filed under Section 11 of the Contempts of Court Act, 1971, the petitioner sought to punish the respondent Managing Director for allegedly violating an undertaking to pay dues. The court closed the petition, holding that statutory bars under the Insolvency and Bankruptcy Code during liquidation precluded personal liability.
What the court decided
Cont.P.No.1564 of 2018
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 19.08.2021
CORAM:
THE HONOURABLE MR.JUSTICE R.SUBRAMANIAN
Contempt.Petition.No.1564 of 2018
M/s.SONY INDIA PVT. LTD., Represented by its authorized signatory, Mr.S.Balaji Having its Registered Office at A-31, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi - 110 044.
...Petitioner
Vs.
Mr.D.Satish Babu, Managing Director, M/s.INDUS MOBILE DISTRIBUTION PVT. LTD., Having its registered office at 281, T.T.K.Road, Alwarpet, Chennai - 600018, Tamil Nadu.
...Respondent
Prayer: Petition filed under Section 11 of the Contempts of Court Act, 1971, seeking to punish the respondent herein for contempt of the orders of this Hon'ble Court dated 08.08.2016 passed in C.P.No.118 of 2016.
Issues for consideration
1 issue framed by the court
Whether a Managing Director can be held personally liable for contempt when the company is under liquidation due to statutory bars under the Insolvency and Bankruptcy Code.
Parties & counsel
- petitioner
M/s.SONY INDIA PVT. LTD.
- respondent
Mr.D.Satish Babu
Coram
R. Subramanian
Case details
As recorded by the court registry
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