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
Security Interest becomes Part of Liquidation Estate if Amount is Not Deposited within 90 days: NCLAT
Insolvency & Bankruptcy CodeOther Legal Matters
NCLAT has ruled that a security interest becomes part of the liquidation estate if the amount is not deposited within 90 days. This decision clarifies the treatment of security interests in liquidation proceedings. The ruling emphasizes the importance of timely deposits in insolvency cases. This ruling clarifies IBC.
