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 Right To Be Heard Can Be Given At Stage U/S 99 Of IBC, Resolution Professional's Role Is Only Recommedatory And Not Adjudicatory: NCLAT
Insolvency & Bankruptcy Code
The NCLAT clarified that no right to be heard can be given at the Section 99 stage of the IBC, as the Resolution Professional's role is only recommendatory, not adjudicatory. Section 99 pertains to the pre-packaged insolvency resolution process for MSMEs. The tribunal emphasized that the RP's function at this stage is to prepare a report with recommendations, and it does not involve any formal adjudication that would necessitate a hearing for the parties involved.
