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
Approval of Resolution Plan Cannot be rejected solely based on Withdrawal of Consent by One of Coc Members: NCLAT
Corporate Law & GovernanceInsolvency & Bankruptcy Code
The National Company Law Appellate Tribunal ruled that approval of a resolution plan cannot be rejected solely because one Committee of Creditors member withdraws consent after voting. This decision maintains the sanctity of the collective insolvency process while preventing individual creditors from derailing agreed resolutions.
