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 Rejects Impleadment Pleas in ₹1300 Crore CIRP Cost Dispute Post Resolution Plan Approval
Insolvency & Bankruptcy CodeOther Legal Matters
The NCLAT has dismissed an "impleadment plea" in a CIRP cost dispute that arose after a resolution plan had already been approved. The tribunal found that once a resolution plan is approved, it is binding on all parties. This ruling reinforces the finality of the resolution process and ensures that the process is not derailed by legal challenges from new parties after the plan has been approved.
