GHANSHYAM SARDA vs SASHIKANT JHA, DIRECTOR M/S JK JUTE MILLS CO. LTD. .

The Supreme Court addressed contempt petitions alleging violation of its Order dated 08.05.2014, which prohibited the disposal of the company's capital assets without court permission. The Court found that the sale of the Katihar property by J.K. Jute Mills Company Ltd. was executed in contravention of this order, thus interfering with the administration of justice. The Court held that the Conveyance Deed dated 02.07.2014 was null and void, reinforcing the necessity of adhering to court orders in matters of asset disposal under the Sick Industrial Companies (Special Provisions) Act, 1985.