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Workers Not Entitled to Wages for Period Not Worked During CIRP: NCLAT upholds Layoff Notice, Approved Resolution Plan Binding on All Stakeholders [Read Order]
The Principal Bench of National Company Law Appellate Tribunal (NCLAT) at New Delhi, held that workers are entitled to wages during CIRP only if the...

Workers Not Entitled to Wages for Period Not Worked During CIRP: NCLAT upholds Layoff Notice, Approved Resolution Plan Binding on All Stakeholders [Read Order]
The Tribunal ruled that NCLT had no jurisdiction over Industrial Disputes Act challenges and the resolution plan under IBC binds workers thus, limiting their claims to what the plan provided.

Workers Not Entitled to Wages for Period Not Worked During CIRP: NCLAT upholds Layoff Notice, Approved Resolution Plan Binding on All Stakeholders [Read Order]
The Tribunal ruled that NCLT had no jurisdiction over Industrial Disputes Act challenges and the resolution plan under IBC binds workers thus, limiting their claims to what the plan provided.




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