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
Creditors Are Not Barred From Enforcing Personal Guarantee Signed On Their Behalf By Trust: NCLAT
Insolvency & Bankruptcy Code
The NCLAT ruled that creditors are not barred from enforcing personal guarantees signed on behalf of a corporate debtor, even if they are part of a trust. The judgment ensures that personal guarantees remain enforceable, safeguarding the interests of creditors during insolvency proceedings.
