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
Decree Obtained By Operational Creditors From Civil Court Does Not Mean They Cease To Be Operational Creditors: NCLAT
Insolvency & Bankruptcy Code
The National Company Law Appellate Tribunal (NCLAT) ruled that a decree obtained by operational creditors from a civil court does not mean they cease to be operational creditors. This decision clarifies the status of operational creditors in insolvency proceedings. The ruling ensures that operational creditors retain their rights under the Insolvency and Bankruptcy Code (IBC). It protects the interests of operational creditors in insolvency resolutions.
