National Fertilizers Ltd vs Tuncay Alankus & Anr

The Supreme Court held that the respondent, Tuncay Alankus, was guilty of contempt of court for violating its orders dated September 4, 2006 and December 14, 2006 by withdrawing funds from a Swiss bank account. The Court reaffirmed its earlier finding of contempt from April 1, 2010, emphasizing that the respondent failed to deposit the withdrawn amount as directed. The Court did not impose a punishment at that time but indicated that compliance could lead to reconsideration of the contempt ruling.