NCLT Kolkata Disposes Paragon Finance Contempt Application

Authority: National Company Law Tribunal (NCLT), Kolkata Bench

Order Date: 12th June 2026

Case Overview

This proceeding involves a contempt application (Cont.A. (IBC)/6(KB)2024) filed by Paragon Finance Limited against Mohan Motor Dealers Private Limited. The matter originates from a main petition (C.P. (IB)/1685(KB)2019) filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). The hearing was presided over by a division bench comprising Hon'ble Member (Judicial) Smt. Bidisha Banerjee and Hon'ble Member (Technical) Cmde Siddharth Mishra.

Final Outcome

The NCLT Kolkata Bench disposed of the contempt application. The order includes a specific condition: the application can be revived if the directions issued by the tribunal (which are referenced but not detailed in this excerpt) are not complied with by the parties.

Topics: NCLT, Contempt Proceedings, IBC