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
Third Party Cannot Be Allowed To Participate In Pre-Admission Stage Of Petition U/S 7 Of IBC: NCLT Mumbai
Insolvency & Bankruptcy Code
The NCLT Mumbai ruled that third parties cannot participate in insolvency petitions filed under Section 7 of the IBC during the pre-admission stage. This ruling clarifies that creditors filing for insolvency resolution cannot be interrupted by outside entities before the petition is admitted, ensuring the process is not unduly delayed or influenced.
