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
Assets Of Partnership Firm Not Property Of Personal Guarantor, Not Covered By Interim Moratorium Merely Because S.95 Application Was Filed: NCLAT New Delhi
Insolvency & Bankruptcy Code
NCLAT New Delhi ruled that assets of a partnership firm are not the personal property of a personal guarantor and are not covered by the interim moratorium under Section 96 due to a petition under Section 95 against the partner’s personal guarantee. This decision clarifies the distinction between personal and partnership firm assets in insolvency proceedings.
