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
Recoveries from fraudulent transactions of DHFL must go to Piramal: Supreme Court
Update / Judgement Date
01 Apr 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Corporate Law & GovernanceInsolvency & Bankruptcy Code
The Supreme Court determined that recoveries from fraudulent transactions of DHFL must go to Piramal, in accordance with the approved resolution plan. This ruling clarifies the distribution of assets in insolvency proceedings and reinforces the binding nature of approved resolution plans. It underscores the judiciary's role in ensuring fair and equitable outcomes for creditors and stakeholders.
