EUROPEAN INVESTMENT LTD. vs TRIUMPH I.NATIONAL FINANCE INDIA LTD&ORS

The Supreme Court held that the respondents willfully violated the undertaking given to the Court in Summary Suit No.3846 of 2001, constituting contempt of court. The Court found that the Division Bench of the High Court erred in passing interim orders favoring the respondents despite their consent to the earlier order. Consequently, the Supreme Court allowed the civil appeal and set aside the impugned order of the High Court, while clarifying that this decision would not affect the respondents' case in appeal.