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…
Imposition Of Moratorium Bars Recovery Of Pre-CIRP Tax Dues During CIRP: NCLT Hyderabad
The NCLT Hyderabad ruled that a moratorium bars the recovery of pre-Corporate Insolvency Resolution Process (CIRP) tax dues during the CIRP. This ruling clarifies the scope of the moratorium under the IBC. It protects companies undergoing insolvency proceedings. The decision promotes the insolvency resolution process.