NCLT Convicts Port Authority Officers for Contempt of Court

ICICI Bank Ltd Vs Lanco Babandh Power Ltd. (NCLT Hyderabad)

The case between ICICI Bank Ltd and Lanco Babandh Power Ltd, adjudicated at the National Company Law Tribunal (NCLT) Hyderabad, involved a contempt petition filed by Mr. Sanjay Gupta, the Liquidator for Lanco Babandh Power Limited (referred to as the Petitioner), against certain Port Authority Officers (referred to as Respondents) for disobeying a court order. The order in question was issued on 29.03.2023, in response to an application (IA No.939/2020) in CP (IB) No.296/7/HDB/2018.

The facts leading to the contempt

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