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
← back
Informative
Claims Arising Under Section 11E Of Central Excise Act Cannot Be Treated As Secured Debt: NCLAT
Insolvency & Bankruptcy Code
The NCLAT held that claims arising under Section 11E of the Central Excise Act cannot be treated as secured debts in insolvency proceedings under the IBC. The tribunal clarified that such claims are unsecured by nature and must be dealt with accordingly, ensuring that the rights of creditors are properly classified in the context of insolvency proceedings.
