RAJU DASS DIR.OF M/S.AWARD EXPORTS P.LTD vs DEEPAK LOOMBA & ANR.

The Supreme Court disposed of the Contempt Petition, noting that the matter had been duly acknowledged by the Office of the Registrar in Insolvency of the Calcutta High Court and was subject to scrutiny by the Department. The Court held that since the acknowledgment was made, there was no further issue to be resolved in the matter. Thus, the petition was dismissed as nothing survived for consideration.