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 Provision under IBC for set of/adjustment/counter claim: NCLAT
Corporate Law & GovernanceInsolvency & Bankruptcy Code
The National Company Law Appellate Tribunal (NCLAT) has ruled that there is no provision under the Insolvency and Bankruptcy Code (IBC) for set-off, adjustment, or counter-claim. This decision clarifies the legal framework for insolvency proceedings and ensures a more straightforward resolution process.
