M/S Bharat Steel Tubes Ltd vs Ifci Limited

The Supreme Court addressed the contempt petition regarding the violation of its stay order dated 8th October 2010, which prohibited the auction of the Petitioner's property under the Debts Recovery Act, 1993 and the SARFAESI Act, 2002. The Court held that the Respondent's actions in continuing the auction process despite the stay constituted willful disobedience of the Court's order, thereby warranting contempt proceedings. The Court emphasized the importance of adhering to judicial orders and the consequences of non-compliance.