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
Submission & Approval Of Resolution Plan In Extended Timeline Of Expression Of Interest Cannot Be Questioned By Unsuccessful Resolution Applicant: NCLAT
Insolvency & Bankruptcy Code
The NCLAT ruled that the submission and approval of a resolution plan within an extended timeline for expression of interest cannot be questioned by an unsuccessful resolution applicant. This clarifies the rights of stakeholders in insolvency proceedings and emphasizes the importance of adhering to timelines.
