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
NCLAT Dismisses Appeal Against DLF U/S 61 Of IBC For ₹4.65 Crores Debt, Says Multiple Exchanges Between Parties Prove Pre-Existing Dispute
Insolvency & Bankruptcy Code
The NCLAT dismissed an appeal against DLF under Section 61 of the IBC, finding that multiple communications between parties proved the existence of a pre-existing dispute regarding a Rs. 465 crore debt. The tribunal emphasized that such disputes must be resolved before initiating insolvency proceedings, preventing misuse of the IBC for recovery purposes.
