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
Mere Filing Of Closure Application By Liquidator Does Not Bar Tribunal's Inherent Powers To Modify Orders: NCLAT Chennai
Insolvency & Bankruptcy CodeWinding Up & Liquidation
NCLAT ruled that liquidators' filing of closure applications doesn't restrict the tribunal's inherent powers to modify previous orders when justice requires. This decision preserves judicial flexibility in insolvency proceedings while ensuring orderly closure of cases.
