Icici Bank Ltd v. P.Srikanth

1/4

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED :: 13-06-2023

CORAM

THE HONOURABLE MR.JUSTICE S.VAIDYANATHAN CONTEMPT PETITION No.1722 of 2019 ICICI Bank Limited ...

Petitioner -vs1.P.Srikanth 2.S.P.Srihari ...

Respondents Contempt Petition has been filed under Section 11 of the Contempt of Courts Act, 1971, to punish the respondents for wilful disobedience of the order passed by this Court in C.A.No.980 of 2016 in C.P.No.372 of 2013, dated 18.01.2019. For Petitioner : Mr.Suresh For Respondents : Mr.R.Vaibhav

ORDER

Today, when the matter is taken up for hearing, an unsigned document of the written consent of the Board of Directors of the respondent company viz., Zylog Systems Limited has been produced, which is scanned below :

2/4

3/4

2. The above aspect cannot be gone into in this Contempt Petition. That apart, from the Citibank Statement, it appears that the entire amount is still lying with the Bank. Hence, prima facie, I find that contempt has not been made out. If the parties have any grievance against each other, it is for them to work out the remedy in accordance with law and contempt is not the way to seek redressal of the disputed question of fact, which is not covered by the order.

3. Therefore, this Contempt Petition is closed. No costs. 13-06-2023 dixit

4/4 S.VAIDYANATHAN,J.

dixit CONT.P.No.1722 OF 2019 13-06-2023