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
IFCI Cannot Withhold Pledged Shares Once Loaned Amount is Cleared by Borrower: Delhi HC
Civil LawFinancial Management
The Delhi High Court has ruled that IFCI cannot withhold pledged shares once the loaned amount is cleared by the borrower. This decision clarifies the rights of borrowers and lenders in share pledge agreements. The ruling emphasizes the importance of contractual obligations. This ruling clarifies loan agreements.
