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
No Bar on Corporate Debtor from Contesting Application u/s 9 of IBC even in absence of Demand Notice: NCLAT
Insolvency & Bankruptcy Code
The NCLAT has ruled that there is no bar on a corporate debtor from contesting an application under Section of the IBC, even in the absence of a demand notice. This ruling clarifies the rights of corporate debtors in insolvency proceedings. It ensures that corporate debtors have the opportunity to defend themselves against insolvency applications, even if a formal demand notice has not been issued.
