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
← back
Informative
Appeal u/s 61 of IBC can be filed by Personal Guarantors against order Initiating PIRP: NCLAT
Appeal Against OrderInsolvency & Bankruptcy Code
The NCLAT ruled that an appeal under Section 61 of the IBC can be filed by personal guarantors against an order initiating a Personal Insolvency Resolution Process (PIRP). This clarification provides legal recourse to personal guarantors who are subjected to PIRP proceedings initiated against them. The appellate tribunal recognized the right of personal guarantors to challenge the initiation of these proceedings under the IBC.
