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
Approved Resolution Plan Cannot be Reopened based on Belatedly agitated Claims: NCLAT
Insolvency & Bankruptcy CodeOther Legal Matters
The NCLAT has ruled that an approved resolution plan cannot be reopened based on belatedly agitated claims. The tribunal emphasized the need for finality in insolvency proceedings. This decision protects the rights of stakeholders. The ruling clarifies the finality of resolution plans.
