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…
Insolvency Resolution Professional Is Public Servant, Sanction Needed To Prosecute Him Under Prevention Of Corruption Act: Madras High Court
The Madras High Court has ruled that a "resolution professional" under the IBC is a "public servant" under the PC Act. The court's decision clarifies a key aspect of company law. The ruling reinforces the principle that a person who is working for the benefit of a company can be considered a public servant.