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…
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06/09/20264 min read
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No Legal Proceedings could be Institute by CGST Dept on Property of Corporate Debtor Once Liquidated By NCLT: Himachal Pradesh HC
Corporate Law & GovernanceGSTInsolvency & Bankruptcy Code
No Legal Proceedings by CGST Dept on Property of Corporate Debtor Once Liquidated by NCLT: Himachal Pradesh HC The Himachal Pradesh High Court ruled that the CGST department cannot initiate legal proceedings on the property of a corporate debtor once it has been liquidated by the National Company Law Tribunal (NCLT). This decision reinforces the finality of NCLT’s liquidation orders and protects the interests of creditors and stakeholders involved in the insolvency process.
