The Waterbase Limited v. Ashitkumar Rajanikant Joshi
Case brief
What is this about?
In a contempt petition filed for willful disobedience of an order to furnish a Bank Guarantee, this Court observed that mere violation does not constitute contempt. The Court held that since the applicant invoked arbitration, the proper remedy lies under Section 17 of the Act before the Arbitrator, and dismissed the petition.
What did the court decide?
The Contempt Petition was closed and Sub Application No.237 of 2021 was closed.