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
‘Benefits of scheme for revival of NPA account is not permissible when MSME is closed or wound up’
MSME & Udhyam
The Karnataka High Court has ruled that MSMEs which are closed or wound up cannot benefit from NPA revival schemes under relevant government guidelines. This judgment clarifies that only operational MSMEs qualify for debt restructuring benefits, affecting both lenders and distressed borrowers in the small business sector.
