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
Bankrupt Individual Cannot Seek Discharge U/S 138(1) Of IBC: NCLT New Delhi
Insolvency & Bankruptcy CodeOther Legal Matters
The NCLT, New Delhi, held that a bankrupt individual cannot seek discharge under Section 1381 of the IBC. This clarifies the legal framework for individual insolvency and the specific provisions governing discharge. It provides guidance on the rights and obligations of bankrupt individuals.
