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 directs Liquidation of JM Feed Pvt Ltd on satisfying conditions u/s 33 of IBC, Appoints...
Insolvency & Bankruptcy CodeWinding Up & Liquidation
The NCLT has directed the "liquidation of J.M. Feed Pvt. Ltd." upon satisfying the conditions under Section 33 of the IBC and has "appointed a liquidator." The tribunal's decision provides a significant step towards a more efficient and less intrusive regulatory environment. The ruling clarifies that a company can be liquidated if it is not able to repay its debts.
