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
Decision To Liquidate Corporate Debtor Cannot Be Faulted When Revival Is Not A Viable Option: NCLAT
Insolvency & Bankruptcy Code
The NCLAT upheld the decision to liquidate a corporate debtor, stating that revival was not a viable option due to financial instability. The ruling reinforces the importance of timely decision-making in the liquidation process to avoid unnecessary delays and financial losses.
