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
Fresh Period Of Limitation U/S 18 Of Limitation Act Begins From Date When Balance Sheet Is Signed By Corporate Debtor: NCLAT
Insolvency & Bankruptcy CodeOther Legal Matters
The NCLAT ruled that a fresh period of limitation under Section 18 of the Limitation Act begins from the date when the balance sheet is signed by the corporate debtor. The tribunal clarified the application of limitation periods in insolvency cases. The ruling aims to provide clarity on debt recovery timelines. The NCLAT is clarifying limitation periods.
