Supreme Court Closes Contempt Petitions Against Alchemist for Non-Payment of Rs. 4.5 Crores to Kotak Mahindra Bank, Directs Payment Subject to High Court Determination. The Court held that the order dated 07.05.2012 was binding until modified, and Alchemist's failure to pay constituted disobedience, but since the amount was deposited, no contempt action was taken.
23 Sep 2019The Supreme Court of India disposed of contempt petitions filed by Kotak Mahindra Bank Limited (KMBL) against Alchemist Assets Reconstruction Company ...
