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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Information Utility Record Is Not Mandatory To Prove Debt And Default Under IBC: NCLT Hyderabad
Insolvency & Bankruptcy CodeOther Legal Matters
The NCLT Hyderabad has ruled that an "Information Utility record is not mandatory to prove debt and default under the IBC." The tribunal's decision clarifies a key procedural aspect of the IBC. The ruling reinforces the principle that a person cannot be denied a debt if there is a valid document.
