Contempt Appeal against Juristic Entity not Maintainable u/s 61 of IBC: NCLAT

The NCLAT ruled that contempt appeals against juristic entities under Section 61 of the Insolvency and Bankruptcy Code (IBC) are not maintainable. The appeal concerned an entity's failure to comply with a court order, and the NCLAT found that Section 61 does not provide a framework for contempt actions against juristic persons. It emphasized that the law only permits contempt actions against individuals, not entities, in insolvency proceedings. The ruling sets a significant precedent in interpreting the scope of contempt appeals within the IBC, establishing that only individuals who are directly responsible for non-compliance can be held accountable under contempt law.