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 Mumbai: Exclusion Of Stay Period Of CIRP Petition Doesn't Postpone Insolvency Commencement Date Under IBC
Corporate Law & GovernanceInsolvency & Bankruptcy CodeOther Legal Matters
The article discusses NCLT Mumbai's decision to exclude the stay period from the CIRP timeline and postpone the insolvency commencement date under the IBC. This decision aims to clarify the calculation of the 270-day timeline for resolution proceedings, ensuring compliance with statutory requirements. It addresses the implications for creditors and resolution applicants, emphasizing procedural adherence to the IBC's framework.
