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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Corporate insolvency: NCLAT dismisses plea against Nuvoco’s Vadraj acquisition; tribunal backs NCLT appro
Update / Judgement Date
24 Aug 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Corporate Law & GovernanceInsolvency & Bankruptcy Code
The NCLAT has dismissed a plea against "Nuvoco's Vadraj acquisition," upholding the NCLT's approval of the ₹1,800 crore resolution plan. The tribunal's decision clarifies a key procedural aspect of the IBC. The ruling reinforces the principle that a person cannot be denied a right that is for their benefit. The court's decision is a crucial reminder to all that they must be diligent in their dealings.
