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
Insolvency Petition U/s 95 of IBC Not Maintainable Against Partnership Firms: NCLT
Corporate Law & GovernanceInsolvency & Bankruptcy Code
The National Company Law Tribunal (NCLT) has ruled that insolvency petitions under Section 95 of the Insolvency and Bankruptcy Code (IBC) are not maintainable against partnership firms. This ruling provides clarity on the applicability of insolvency laws to different business structures, reaffirming that certain sections of the IBC pertain specifically to individual insolvency.
