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
After Lapse Of Extended Period Of 90 Days Of Insolvency Commencement Date, RP Not Obliged To Accept Any Claim: NCLAT New Delhi
Insolvency & Bankruptcy Code
NCLAT New Delhi stated that after the lapse of the extended 90-day period from the insolvency commencement date, the Resolution Professional (RP) is not obliged to accept any claims. This ruling reinforces the importance of adhering to statutory timelines in insolvency proceedings.
