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
Delay Beyond 15 Days In Filing Appeal Cannot Be Condoned As Per Proviso To Section 61(2) Of IBC: NCLAT
Insolvency & Bankruptcy Code
The NCLAT ruled that delays beyond 15 days in filing appeals under Section 612 of the IBC cannot be condoned. The court held that the strict timelines provided under the IBC are meant to maintain the timely resolution of insolvency cases. Any delay beyond the stipulated period cannot be excused, reinforcing the importance of adhering to the prescribed timelines in insolvency proceedings.
