Baranagore Jute Factory Plc. Mazdoor ... vs Baranagore Jute Factory Plc. Etc.

The Supreme Court addressed contempt petitions arising from its previous orders regarding a company petition pending in the Calcutta High Court. The Court emphasized that the alleged contemnors had not complied with its directives, particularly concerning the maintenance of a fixed deposit of Rs. 2.23 Crores and the requirement to secure an amount of Rs. 8.32 Crores before operating bank accounts. The Court held that the alleged contemnors must produce a Fixed Deposit Receipt of Rs. 10.55 Crores, failing which the Directors of the Company would be required to appear personally before the Court.