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Paper & Paper Products
Legal16 Sept 2026, 03:48 pm

Astron Paper Files Contempt Proceedings Application

AI Summary

Astron Paper & Board Mill Ltd has filed an application with the National Company Law Tribunal (NCLT), Ahmedabad Bench, seeking initiation of contempt proceedings against a Respondent. This action is due to the Respondent's non-compliance with an NCLT order dated May 11, 2026, which directed the Operational Creditor to deposit ₹2,00,000/- within two weeks. The Corporate Insolvency Resolution Process (CIRP) for Astron Paper commenced on May 11, 2026. The application was filed on September 10, 2026, citing wilful non-compliance with the NCLT's directive.

Key Highlights

  • Contempt proceedings initiated against a Respondent for non-compliance.
  • Respondent failed to deposit ₹2,00,000/- as per NCLT order.
  • NCLT order dated May 11, 2026, was not adhered to.
  • Corporate Insolvency Resolution Process (CIRP) is ongoing.
  • Application filed on September 10, 2026, at NCLT Ahmedabad.