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…
Delhivery Dissolves Its UK Subsidiary
Logistics and supply chain services company Delhivery has dissolved its wholly-owned subsidiary in the United Kingdom, Delhivery UK Ltd. The dissolution was completed through a voluntary strike-off process, and the subsidiary has been officially removed from the records of the Registrar of Companies in the UK. This move is part of Delhivery's broader strategy to streamline its corporate structure and divest from non-core or underperforming international operations. By winding up the UK subsidiary, the company can reduce administrative overheads and focus its resources and management attention on its primary markets, particularly India. The dissolution is not expected to have a material impact on Delhivery's overall operations and is seen as a prudent corporate governance and operational efficiency measure, allowing the company to consolidate its business and focus on its path to profitability.