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
Beneficiaries Of Personal Guarantee Can File Application U/S 95 Of IBC: NCLAT
Insolvency & Bankruptcy CodeOther Legal Matters
The NCLAT ruled that beneficiaries of a personal guarantee can file an application under Section 95 of the IBC. This decision clarifies the rights of creditors in personal guarantee cases. It ensures that beneficiaries can pursue claims under the IBC. This ruling underscores the importance of protecting creditor rights. It highlights the need for clear guidelines on personal guarantees. The NCLAT's order reinforces the effectiveness of the IBC.
