Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Absence Of Assignee Name In Balance Sheet Of Corporate Debtor Does Not Negate Applicability Of Section 18 Of Limitation Act: NCLAT
Insolvency & Bankruptcy Code
The NCLAT held that the absence of an assignee's name in a corporate debtor's balance sheet does not invalidate the applicability of Section 18 of the Limitation Act. The tribunal ruled that other documentary evidence can establish the assignment of debt, ensuring legitimate claims are not barred due to technicalities in record-keeping.
