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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Extinguishment of Debt under IBC would not ipso facto apply to extinguishment of criminal...
Criminal LawInsolvency & Bankruptcy Code
The Himachal Pradesh High Court has ruled that the "extinguishment of debt under IBC would not ipso facto apply to the extinguishment of criminal proceedings under the NI Act." The court’s decision provides much-needed clarity on a contentious issue. The ruling reinforces the principle that a criminal offense, even if related to a debt, does not get extinguished just because the debt is.
