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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Non-Registration of “Charge” u/s 77 of Companies Act does not remove “Secured Creditor” Under IBC during CIRP: NCLAT
Corporate Law & GovernanceInsolvency & Bankruptcy Code
The NCLAT ruled that non-registration under the Companies Act does not remove a secured creditor under the IBC during the CIRP. This clarifies the rights of secured creditors in insolvency proceedings, even if they are not registered under the Companies Act.
