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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Official Liquidator Cannot Institute S. 61 Proceedings To Challenge Directions Issued To IBBI: NCLAT Chennai
Appeal Against OrderInsolvency & Bankruptcy Code
The NCLAT Chennai has dismissed an appeal by a liquidator against directions issued by the Insolvency and Bankruptcy Board of India (IBBI). The tribunal's decision upholds the authority of IBBI in regulating insolvency proceedings and ensures compliance with the IBC. This ruling sets a precedent for the role of IBBI in overseeing liquidation processes.
