‘Attempt to thwart decrees passed by the Court following due process is an abuse of process of law’; Bombay HC imposes Rs 1 lakh cost
The order dated 16-4-2021 passed by the NCLT, Mumbai indicated that the prohibition during CIRP is with respect to institution and continuation of suits only against Prince SWR System (P) Ltd and not against the Company’s director, i.e., the applicant.