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…
Moratorium under IBC should not be misused to prevent Public Welfare Projects: NCLT
The NCLT ruled that the moratorium under the IBC should not be misused to prevent public welfare projects. The tribunal emphasized the need to balance insolvency proceedings with public interest. It highlighted the importance of completing essential projects. The ruling aims to prevent undue delays in infrastructure development. The tribunal is protecting public welfare.