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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Electricity Can't Be Disconnected At Corporate Debtor's Plant When Assets Are Put On Auction To Maximise Value: NCLT Kolkata
Insolvency & Bankruptcy CodeOther Legal Matters
The NCLT, Kolkata, has ruled that "electricity cannot be disconnected at a corporate debtor's plant when assets are put on auction." The tribunal’s decision is aimed at maximizing the value of the assets. The ruling reinforces the principle that the value of an asset can be maximized only if it is in working condition.
