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 Rules Resolution Applicants Not Liable for Post-Plan Approval Costs Excluded from Corporate Debtor’s Financial Records
Insolvency & Bankruptcy Code
The NCLT has ruled that resolution applicants are not liable for post-plan approval costs excluded from corporate debtors’ financial records. This decision clarifies the responsibilities of resolution applicants in the insolvency process, focusing on the financial obligations related to the approved resolution plan.
