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
← back
Informative
Sale Of Corporate Debtor In Liquidation As Going Concern Beyond 90 Days Is Permissible Under Amended Regulation 32A(4) Of IBC: NCLAT
Insolvency & Bankruptcy Code
The NCLAT has held that the sale of a corporate debtor in liquidation as a going concern beyond 90 days is permissible under the amended Regulation 32A of the Insolvency and Bankruptcy Code Regulations. This ruling provides clarity on the timeline for liquidation sales and promotes efficient resolution of insolvency cases.
