The Contempt of Courts Act, 1971  - Section 12

Conviction under - These appeals are directed against judgment and order dated 22.8.2023 passed by the High Court of Judicature, Andhra Pradesh, in Contempt Appeal Nos. 3, 4, 5, 6, 7, 8, 9, 10 and 11 of 2007 whereby said Court has allowed all the Contempt Appeals setting aside the order dated 3.8.2023 passed in Contempt Case No. 915 of 2002 wherein K.S. Raju, Promoter Director of M/s. Nagarjuna Finance Limited, Hyderabad, and its other directors were convicted under Section 12 of Contempt of Courts Act, 1971, and each one of them was sentenced to suffer simple imprisonment for a period of six months and were further directed to pay fine of Rs.2,000/- each - No hesitation to observe that the impugned order does not require interference - It is only in respect of conviction of K.S. Raju, Promoter Director of Nagarjuna Finance Limited which requires in-depth examination - Court allows the present appeal filed against respondent K.S. Raju, and set aside the impugned order of the Division Bench of High Court - If the amount is paid to the present appellant as directed by this Court within sixty days, the sentence shall be reduced to the extent of fine only. Rest of the appeals filed by the depositor in respect of all other directors, who were not impleaded by name before the High Court in the contempt Case No. 915 of 2002, and acquitted by the impugned order passed by Division Bench of High Court, are dismissed.

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