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…
Period From 15.03.2020 To 28.02.2022 Shall Stand Excluded As Per SC Judgment In 'Re:Cognizance For Extension Of Limitation': NCLAT
The NCLAT has excluded the period from 15th March 2020 to 28th February 2022, following the Supreme Court’s judgment in In re Cognizance for Extension of Limitation, in calculating the limitation period for Insolvency and Bankruptcy Code (IBC) matters. This decision was taken to account for the disruptions caused by the COVID-19 pandemic and to ensure fairness in the adjudication process. It provides relief to parties facing time-barred claims due to the extraordinary circumstances of the pandemic.