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 For Belatedly Agitated Claims: NCLAT
Insolvency & Bankruptcy CodeOther Legal Matters
The NCLAT has ruled that approved resolution plans cannot be reopened for belatedly agitated claims. The tribunal emphasized the need for finality in insolvency proceedings. This decision reinforces the IBC's focus on efficiency and speed. The ruling ensures that stakeholders are held accountable for timely claims. This is regarding bankruptcy law.
