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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Filing Petition U/S 10 Of IBC Subsequent To Action Taken Under SARFAESI Act Cannot Be Termed Malicious Or Fraudulent: NCLAT
Appeal Against OrderInsolvency & Bankruptcy Code
The NCLAT New Delhi has ruled on the rejection of a Section 10 IBC petition in the context of SARFAESI proceedings. The tribunal's decision highlights the interaction between the Insolvency and Bankruptcy Code (IBC) and the SARFAESI Act, clarifying when IBC petitions can be rejected. This ruling ensures that the legal framework governing debt recovery and insolvency is applied consistently.
