Contempt Proceedings Can Be Initiated Against Individuals, Not Companies: NCLAT Chennai

Mr. Pankaj Dhanuka, Liquidator of Lanco Kondapalli Power Limited Vs Lanco Kondapalli Power Limited (NCLAT Chennai) National Company Law Appellate Tribunal (NCLAT) in Chennai recently dismissed a contempt petition filed by Pankaj Dhanuka against Lanco Kondapalli Power Limited. The petition was based on an alleged violation of an earlier order dated 02.08.2023. In his petition, Dhanuka sought contempt proceedings under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, along with Section 425 of the Companies Act, 2013. He argued that the respondent, a juristic person, had failed to compl...