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Rex v Almon

Judiciary is “Guardians of the rule of law”. Whereas for the performance of its duty as Guardians of the rule of law, the court’s authority must be respected and protected at all costs. Therefore to maintain sanctity to the court and facilitate them to perform their functions effectively, they have been entrusted with extraordinary powers of Contempt of Court, to punish those who attempt to undermine the authority of the court or try to obstruct them from discharging their duties of scandalizing them.

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Phoenic Are Private Limited v. Spade Financial Services Limited and ors

For the success of the Insolvency regime, it is necessary, that person taking undue advantage of IBC provisions be prevented from introducing sham transactions so that the same doesn’t operate to detriments of rights of legitimate creditors. Such sham transactions are to be regarded as “avoidable transactions”, which can be tested on the test of “The real nature of transaction”.

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