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
NCLT Approves ₹34 Cr Resolution Plan Of Ship Leasing Company With 100% CoC Assent Subject To Statutory Scrutiny
Update / Judgement Date
08 Oct 2025
Source
Author
Sakshi Bhardwaj — WCP Legal Desk
Reading Time
1 min read
Insolvency & Bankruptcy Code
The National Company Law Tribunal approved a ₹34 crore resolution plan for a ship-leasing company, with 100% of the Committee of Creditors (CoC) assenting. The approval is subject to statutory scrutiny (such as fairness, feasibility, and compliance with IBC norms). The article discusses the NCLT’s rationale, safeguards, dissenting stakeholders (if any), implications for asset valuations, and precedential value in restructuring in the shipping / lease finance sector.
