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
Exclusive Supply Agreement Does Not Establish Creditor-Debtor Relationship Under IBC: NCLT
Insolvency & Bankruptcy CodeOther Legal Matters
The NCLT ruled that an exclusive supply agreement does not establish a creditor-debtor relationship under the IBC. This clarifies the criteria for establishing such a relationship in insolvency proceedings. It has implications for businesses involved in supply agreements.
