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
Adjudicating Authority cannot Accept Report of RP without Independent Assessment u/s 100 of IBC: NCLAT
Appeal Against OrderInsolvency & Bankruptcy Code
The NCLAT ruled that the Adjudicating Authority cannot accept the report of the Resolution Professional (RP) without independent assessment under the Insolvency and Bankruptcy Code (IBC). The appellate tribunal emphasized that the Adjudicating Authority has a duty to independently evaluate the RP's report and cannot merely rely on it without applying its own judgment. This ruling reinforces the importance of the Adjudicating Authority's role in the IBC process.
