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
← back
Informative
NCLT declares former DHFL promoter Kapil Wadhawan bankrupt
Update / Judgement Date
20 Aug 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Corporate Law & GovernanceInsolvency & Bankruptcy Code
The NCLT has declared Kapil Wadhawan, the former promoter of DHFL, as bankrupt. This ruling, which follows a petition from Union Bank of India, holds the promoter personally responsible for DHFL's debts. This is a significant development in the Indian insolvency landscape, as it reinforces the principle that promoters cannot escape their personal liabilities even after the company has undergone insolvency proceedings.
