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
Application U/S 19(2) Of IBC Is Not Maintainable Against Third Party: NCLT Delhi
Insolvency & Bankruptcy Code
The NCLT (National Company Law Tribunal), Delhi, held that an application under Section 19(2) of the IBC (Insolvency and Bankruptcy Code) is not maintainable against a third party. Section 19(2) empowers the Interim Resolution Professional (IRP) to seek information from the corporate debtor or any person associated with it. The tribunal clarified that this provision does not extend to seeking information or action against unrelated third parties.
