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
Date Of Default Occurring Within Prohibited Period U/S 10A Of IBC Can't Be Shifted By Sending Notice After Prohibited Period For Same Debt: NCLT Mumbai
Insolvency & Bankruptcy Code
The NCLT Mumbai held that issuing a demand notice to change the default date during the prohibited period is not allowed. This ruling protects creditors by ensuring that no improper advantage is taken during certain time restrictions imposed in insolvency processes, promoting fairness in resolution timelines.
