NCLAT imposes Rs. 1 Lakh Costs on Creditor under Contempt of Courts Act invoking Doctrine of ‘Approbate & Reprobate’

NCLAT imposes Rs. 1 Lakh costs on the Creditor under Contempt of Court Act, applying doctrine of 'approbate & reprobate'
NCLAT imposes - Approbate and Reprobate - NCLT - Contempt of Courts Act - Taxscan

The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) imposed Rs. 1 Lakh costs on the Creditor under Contempt of Court Act, 1971 invoking the doctrine of ‘approbate & reprobate’. The appeal is directed against the order passed by the Adjudicating Authority (National Company Law Tribunal, Ahmedabad Bench) by which an application…

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